H.R. 2634 · 117th Congress
LIFT Act
- Stage
- In committee
- Sponsor
- Terri Sewell
- Introduced
- 2021-04-16
- Latest action
- 2021-04-16 · Introduced in House
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.