To amend the Internal Revenue Code of 1986 to provide a credit for American infrastructure bonds, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide a credit for American infrastructure bonds, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Environment, Transportation.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H85AB8CE186E1403DB3A4100B0D933CF8: 1. Short title This Act may be cited as the Local Infrastructure Financing Tools Act, or the LIFT Act.
- Section H86886F3F63D84FDB92527EFBDD984ADE: 2. Credit to issuer for certain infrastructure bonds Subchapter B of chapter 65 of the Internal Revenue Code of 1986 is amended by adding at the end the...
- Section H3D1FB9951CCF4A799AD0A7A69E5715B9: 6431A. Credit allowed to issuer for American infrastructure bonds In the case of an American infrastructure bond, the issuer of such bond shall be allowed a...
- Section HA00B5E6C4C434DC38CD1190BA721F387: 3. Advance refunding bonds Section 149(d) of the Internal Revenue Code of 1986 is amended— by striking to advance refund another bond. in paragraph (1) and...
- Section HE1835FDD52034998AF5F9B33AEB3473A: 4. Permanent modification of small issuer exception to tax-exempt interest expense allocation rules for financial institutions Subparagraphs (C)(i), (D)(i),...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to provide a credit for American infrastructure bonds, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Environment, Transportation
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to provide a credit for American infrastructure bonds, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Legislative Progress
IntroducedMs. Sewell introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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