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HR 2634 117th Congress House Taxation Income tax exclusion Infrastructure development Interest, dividends, interest rates Securities State and local finance

LIFT Act

Introduced: April 16, 2021 Introduced by: Sewell, Terri A. Democratic · Alabama See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 16, 2021
Referred to the House Committee on Ways and Means.
Apr 16, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Local Infrastructure Financing Tools Act or the LIFT Act

This bill allows the issuer of an American Infrastructure Bond a credit with respect to each interest payment under such bond.

The bill restores advance refundings of bonds to allow states and localities to refinance existing debt.

The bill increases to $30 million the limitation on bank-qualified debt for small municipal and nonprofit issuers.

What's happening now April 16, 2021

Referred to the House Committee on Ways and Means.

 Related & companion bills 2
  • HR 2288 Related bill Investing in Our Communities Act
  • HR 5376 Related bill An act to provide for reconciliation pursuant to title II of S. Con. Res. 14.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Tonko, Paul
New York · Oct 8, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2634: LIFT Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2634/
MLA
"H.R. 2634: LIFT Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2634/.
Bluebook (legal)
H.R. 2634, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2634/.
Markdown link
[H.R. 2634: LIFT Act](https://openamerica.io/bill/117-HR-2634/)
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