S. 2203 · 113th Congress
BONDS Act
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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.
D
MarkeySponsorNo cosponsors.
Bolstering Our Nation's Deficient Structures Act of 2014 or the BONDS Act - Amends the Internal Revenue Code, with respect to build America bonds, to: (1) make permanent the issuance authority for such bonds and the authority for payments to bond issuers, (2) make phased reductions in the credit percentage to bondholders and the percentage of payments to…
What it does: CRS summary · Introduced in Senate · Apr 3, 2014
Bolstering Our Nation's Deficient Structures Act of 2014 or the BONDS Act - Amends the Internal Revenue Code, with respect to build America bonds, to: (1) make permanent the issuance authority for such bonds and the authority for payments to bond issuers, (2) make phased reductions in the credit percentage to bondholders and the percentage of payments to issuers of such bonds, (3) make federal wage rate and other grant requirements applicable to such bonds, (4) allow refundings of currently-issued bonds, and (5) allow the use of such bonds to fund capital expenditures for levees and flood control projects.
Provides for an increase in payments to issuers of build America bonds to compensate for reductions in the amount of such payments due to sequestration.Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: BONDS Act
Also known as: Bolstering Our Nation's Deficient Structures Act of 2014
Latest action (Apr 3, 2014): Read twice and referred to the Committee on Finance.
Policy area: Taxation · Origin: Senate · Introduced: Apr 3, 2014
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.