HR 2634 · 117th Congress · Taxation

LIFT Act

Introduced 2021-04-16· Sponsored by Rep. Sewell, Terri A. [D-AL-7]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2021-04-16)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Tonko, Paul [D-NY-20]NY