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HR 2695 105th Congress House

Expand and Rebuild America's Schools Act of 1997

Official title: To amend the Internal Revenue Code of 1986 to encourage new school construction through the creation of a new class of bond.

Introduced: October 22, 1997 See on congress.gov
Taxation Building constructionBusiness and social problemsBusiness income taxCommerce
More subjectsShow fewer subjects
Community and schoolConstruction costsEducationEducational facilitiesEducational financeEducational technologyElementary and secondary educationElementary schoolsEquipment and suppliesFinance and Financial SectorGovernment Operations and PoliticsHigh schoolsIncome taxInvestment tax creditPoor
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This bill died when the 105th Congress ended
It never became law before the 105th Congress (1997–1998) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 13, 1998
Sponsor introductory remarks on measure. (CR H10812-10813)
Feb 3, 1998
Sponsor introductory remarks on measure. (CR H108)
Oct 22, 1997
Referred to the House Committee on Ways and Means.
Oct 22, 1997
Introduced in House
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 Latest action October 13, 1998

Sponsor introductory remarks on measure. (CR H10812-10813)

 Plain-English summary Congressional Research Service

Expand and Rebuild America's Schools Act of 1997 - Amends the Internal Revenue Code to allow a limited credit to eligible taxpayers holding school construction bonds. Defines such bonds. Establishes a private business contribution requirement for bond issuers. Defines as eligible taxpayers certain banks, insurance companies, and corporations. Sets a national school construction bond limit.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 6
D
Norton, Eleanor Holmes
District of Columbia · Mar 10, 1998
 D
Schumer, Charles E.
New York · Mar 4, 1998
 D
Sherman, Brad
California · Feb 3, 1998
 D
Thompson, Bennie G.
Mississippi · Nov 12, 1997
 D
Lofgren, Zoe
California · Nov 9, 1997
 D
McGovern, James P.
Massachusetts · Nov 9, 1997
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2695: Expand and Rebuild America's Schools Act of 1997. 105th Congress. Open America. https://openamerica.io/bill/105-HR-2695/
MLA
"H.R. 2695: Expand and Rebuild America's Schools Act of 1997." 105th Congress, 2026, Open America, https://openamerica.io/bill/105-HR-2695/.
Bluebook (legal)
H.R. 2695, 105th Cong. (2026), https://openamerica.io/bill/105-HR-2695/.
Markdown link
[H.R. 2695: Expand and Rebuild America's Schools Act of 1997](https://openamerica.io/bill/105-HR-2695/)
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