LIFT Act
United States117th CongressHR-2634House of Representatives
Latest legislative activity: Apr 16, 2021
Summary
Official 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.
Bill texts
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Timeline
Latest companion bill action
S-2552: LIFT ActRead twice and referred to the Committee on Environment and Public Works.
Introduced in House
Referred to the House Committee on Ways and Means.
House of Representatives
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