S 1515
114th Congress
Senate
Taxation
Economic development
Floods and storm protection
Income tax credits
Public transit
Securities
State and local finance
Transportation programs funding
BONDS Act
Introduced: June 4, 2015
Introduced by:
Markey, Edward J.
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
Jun 4, 2015
Read twice and referred to the Committee on Finance.
Jun 4, 2015
Introduced in Senate
Plain-English summary
Bolstering Our Nation's Deficient Structures Act of 2015 or the BONDS Act
Amends the Internal Revenue Code, with respect to build America bonds, to: (1) make permanent the issuance authority for such bonds and the authority for payments to bond issuers, (2) make phased reductions in the credit percentage to bondholders and in the percentage of payments to issuers of such bonds, (3) make federal wage rate and other grant requirements applicable to such bonds, (4) allow refundings of currently-issued bonds, and (5) allow the use of such 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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1