H.R. 451 117th Congress House

BUILD Act

Official title: To amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds.

Introduced: May 25, 2021 See on congress.gov

Taxation Income tax exclusionMotor carriersRailroadsRoads and highways

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SecuritiesState and local financeTransportation programs fundingWages and earnings

Everywhere this bill has been 4 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jan 25, 2021

Referred to the House Committee on Ways and Means.

Jan 25, 2021

Referred to the Subcommittee on Health.

Jan 25, 2021

Sponsor introductory remarks on measure. (CR E64)

Jan 25, 2021

Introduced in House

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Latest action January 25, 2021

Referred to the House Committee on Ways and Means.

Plain-English summary Congressional Research Service

Building United States Infrastructure and Leveraging Development Act or the BUILD Act

This bill increases from $15 billion to $30 billion the national limitation on the amount of tax-exempt highway or surface freight transfer facility bonds.

The bill also applies the prevailing wage requirements of the Davis-Bacon Act to projects funded by bond issues.

Related & companion bills 1

Bill text 1 version