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H.R. 2084 · 113th Congress

Partnership to Build America Act of 2013

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 113th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

JDD DelaneySponsor
75 cosponsors · 36 D, 39 R
ABR Barr ABD Bera TCR Cole GCD Connolly JCD Carney RDR Davis MFR Fitzpatrick CGR Gibson TGD Gabbard JGD Garcia BJR Johnson DJR Joyce RKD Kind AKR Kinzinger JKD Kennedy JMD Moran LMR Messer PMD Murphy JPD Polis RPR Pittenger SPD Peters CRD Ruppersberger SSR Stivers KSD Sinema MTR Turner TYR Yoho RBD Barber SRR Rigell EWR Whitfield AKD Kuster MHD Honda DHD Heck JRR Runyan KCR Cramer SMD Maloney RRR Ribble WOD Owens SPR Perry JHR Heck CMD Maloney EPD Perlmutter JSR Shimkus DVR Valadao CBD Bustos JDR Denham BFR Farenthold AHR Harris GND Napolitano JHD Hahn SHD Horsford LBR Bucshon TDD Duckworth SLD Lynch WCD Clay ECD Cleaver RHR Hanna DRR Ross MCR Coffman SID Israel SBR Brooks MDR Diaz-Balart MMR Meadows FVD Vela CGR Gardner JSR Smith CDR Dent DLD Loebsack AED Eshoo SCR Capito JJR Jordan DJR Jolly DPD Price FPD Pallone TRR Rokita SBD Bishop

26 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

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…

What it does: CRS summary · Introduced in House · May 22, 2013

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Partnership to Build America Act of 2013

Latest action (Sep 4, 2013): Referred to the Subcommittee on Water Resources and Environment.

Policy area: Transportation and Public Works · Origin: House · Introduced: May 22, 2013

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.