HOUSE 2634117th CongressReferred to the House Committee on Ways and Means.

LIFT Act

Last Action: 4/16/2021

Actions

2021-04-16Referred to the House Committee on Ways and Means.
2021-04-16Introduced in House
2021-04-16Introduced in House

CRS Summary

As of 2021-04-16 (00)

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.

Cosponsors (1)

Paul Tonko (D-NY)

Subjects

Income tax exclusion
Infrastructure development
Interest, dividends, interest rates
Securities
State and local finance

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