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Bill117th CongressFiled Apr 16, 2021Taxation
H.R. 2634

LIFT Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary introduced in house (Apr 16, 2021)

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.

What just happenedApr 16, 2021

Referred to the House Committee on Ways and Means.

Who’s behind it

Rep. Sewell, Terri A. [D-AL-7](D-AL)Sponsor
1 cosponsor1 D
Read on Congress.gov
1cosponsors1committees3actions2related bills5subjects
  1. Apr 16, 2021IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. Apr 16, 2021IntroReferralIntro-H

    Introduced in House

  3. Apr 16, 2021IntroReferral1000

    Introduced in House