H.R. 1669 · 115th Congress
Partnership to Build America Act of 2017
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
DelaneySponsor27 cosponsors · 22 D, 5 R
D
Aguilar
AB
R
Barr
CB
D
Bustos
AB
D
Bera
RD
R
Davis
TG
D
Gabbard
JG
D
Gottheimer
CH
D
Hanabusa
DH
D
Heck
AK
D
Kuster
RK
D
Kelly
DL
D
Loebsack
DM
R
McKinley
SM
D
Maloney
SM
D
Moulton
DN
D
Norcross
JP
D
Polis
SP
D
Peters
CR
D
Ruppersberger
BS
D
Schneider
KS
D
Sinema
DS
D
Soto
NT
D
Torres
MC
R
Coffman
JB
D
Beatty
TC
R
Cole
DK
D
Kilmer23 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill establishes the American Infrastructure Fund (AIF) as a wholly-owned government corporation to provide bond guarantees and make loans to state and local governments, non-profit infrastructure providers, private parties, and public-private partnerships for state or local government sponsored transportation, energy, water, communications, or…
What it does: CRS summary · Introduced in House · Mar 22, 2017
Partnership to Build America Act of 2017
This bill establishes the American Infrastructure Fund (AIF) as a wholly-owned government corporation to provide bond guarantees and make loans to state and local governments, non-profit infrastructure providers, private parties, and public-private partnerships for state or local government sponsored transportation, energy, water, communications, or educational facility infrastructure projects (Qualified Infrastructure Projects [QIPs]). The AIF may also to make equity investments in QIPs.
The Department of the Treasury, acting through the AIF, shall issue American Infrastructure Bonds with an aggregate face value of $50 billion. The proceeds from the sale of the bonds shall be deposited into the AIF.
The bill 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.
The bill prohibits allowance of:
- a foreign tax credit for the excluded portion of any dividend received by a U.S. corporation, and
- a deduction for expenses directly allocable 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 2017
Latest action (Mar 23, 2017): Referred to the Subcommittee on Water Resources and Environment.
Policy area: Transportation and Public Works · Origin: House · Introduced: Mar 22, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.