HR 2634
117th Congress
House
Taxation
Income tax exclusion
Infrastructure development
Interest, dividends, interest rates
Securities
State and local finance
LIFT Act
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
Plain-English summary
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1