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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2021-04-16 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2021-04-16 | IntroReferral | Introduced in House | Library of Congress |