HR 789
113th Congress
House
Taxation
Economic development
Floods and storm protection
Income tax credits
Securities
State and local finance
Build America Bonds Act of 2013
Introduced: February 15, 2013
Introduced by:
Neal, Richard E.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 15, 2013
Referred to the House Committee on Ways and Means.
Feb 15, 2013
Introduced in House
Plain-English summary
Build America Bonds Act of 2013 - Amends the Internal Revenue Code to: (1) make permanent the issuance authority for Build America Bonds and the authority for payments to issuers of such bonds, (2) make phased reductions in the credit percentage to bondholders and the percentage of payments to issuers of such bonds, (3) allow refundings of currently issued bonds, and (4) allow the use of Build America bonds to fund capital expenditures for levees and flood control projects.
Provides for an increase in payments to issuers of Build America bonds to compensate for reductions in the amount of such payments due to sequestration.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1