Bill113th Congress

H.R. 2084

Partnership to Build America Act of 2013

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Introduced
May 22, 2013
Origin Chamber
House
Policy Area
Transportation and Public Works
Latest Action
Sep 4, 2013
Latest Action

Referred to the Subcommittee on Water Resources and Environment.

Sponsor

Rep. Delaney, John K. [D-MD-6]

Democrat·MD-6
Bioguide ID: D000620
First Name: John
Middle Name: K.
Last Name: Delaney
By Request: N
75
Cosponsors
2
Committees
8
Actions
0
Amendments
2
Related Bills
11
Subjects
1
Summaries
3
Titles
1
Text Versions

Bill Details

Update Date
Nov 15, 2022
Origin Chamber
House
Bill Type
HR
Bill Number
2,084
Congress
113
Introduced Date
May 22, 2013
Policy Area
Transportation and Public Works
Is Law
No
Sep 4, 2013Committee

Referred to the Subcommittee on Water Resources and Environment.

Source: House committee actions

Sep 4, 2013Committee

Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

Source: House committee actions

Sep 4, 2013Committee

Referred to the Subcommittee on Highways and Transit.

Source: House committee actions

May 22, 2013Committee

Referred to the Subcommittee on Aviation.

Source: House committee actions

May 22, 2013IntroReferralH11100

Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Source: House floor actions

May 22, 2013IntroReferralH11100

Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Source: House floor actions

May 22, 2013IntroReferralIntro-H

Introduced in House

Source: Library of Congress

May 22, 2013IntroReferral1000

Introduced in House

Source: Library of Congress

Introduced in House· May 22, 20130

Partnership to Build America Act of 2013 - Establishes the American Infrastructure Fund (AIF) as a wholly-owned government corporation to provide bond guarantees and make loans to state and local governments and non-profit infrastructure providers for transportation, energy, water, communications, or educational facility infrastructure projects (Qualified Infrastructure Projects [QIPs]). Requires AIF also to make equity investments in QIPs such entities sponsor.

Directs the Secretary of the Treasury, acting through the AIF, to issue American Infrastructure Bonds with an aggregate face value of $50 billion. Requires proceeds from the sale of the bonds to be deposited into the AIF.

Amends the Internal Revenue Code to allow U.S. corporations to exclude from gross income qualified cash dividend amounts received during a taxable year from a foreign-controlled corporation equal to the face value of qualified infrastructure bonds the corporation has purchased.

Prohibits allowance of a foreign tax credit to the excluded portion of any dividend received by a U.S. corporation. Prohibits also the allowance of a deduction for expenses related to that excludable portion.

Transportation and Infrastructure Committee

House· Standing

Ways and Means Committee

House· Standing
Corporate finance and managementForeign and international corporationsGovernment corporations and government-sponsored enterprisesGovernment lending and loan guaranteesIncome tax exclusionInfrastructure developmentInterest, dividends, interest ratesPublic-private cooperationSecuritiesState and local financeTaxation of foreign income

Introduced in House

May 22, 2013

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Partnership to Build America Act of 2013 — Informed