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H.R. 2634 117th Congress House

LIFT Act

Official title: To amend the Internal Revenue Code of 1986 to provide a credit for American infrastructure bonds, and for other purposes.

Introduced: April 16, 2021 Introduced by: Terri A. Sewell Democratic · Alabama See on congress.gov
Taxation Income tax exclusionInfrastructure developmentInterest, dividends, interest ratesSecuritiesState and local finance
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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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 Latest action April 16, 2021

Referred to the House Committee on Ways and Means.

 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.

 Related & companion bills 3
  • HR 8396 Reintroduced Bill LIFT Act
  • HR 2288 Investing in Our Communities Act
  • HR 5376 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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