US Congress House Bill 1669 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Democrat 22-5-1)
Status: Introduced on March 22 2017 - 25% progression, died in committee
Action: 2017-03-23 - Referred to the Subcommittee on Water Resources and Environment.
Pending: House Subcommittee on Water Resources and Environment Committee
Text: Latest bill text (Introduced) [PDF]

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.

Partnership to Build America Act of 2017

Rep. John Delaney [D-MD]	Rep. Rodney Davis [R-IL]	Rep. Pete Aguilar [D-CA]	Rep. Garland Barr [R-KY]
Rep. Ami Bera [D-CA]	Rep. Cheri Bustos [D-IL]	Rep. Tulsi Gabbard [D-HI]	Rep. Josh Gottheimer [D-NJ]
Rep. Colleen Hanabusa [D-HI]	Rep. Denny Heck [D-WA]	Rep. Robin Kelly [D-IL]	Rep. Ann Kuster [D-NH]
Rep. David Loebsack [D-IA]	Rep. Sean Maloney [D-NY]	Rep. David McKinley [R-WV]	Rep. Seth Moulton [D-MA]
Rep. Donald Norcross [D-NJ]	Rep. Scott Peters [D-CA]	Rep. Jared Polis [D-CO]	Rep. C.A. Ruppersberger [D-MD]
Rep. Bradley Schneider [D-IL]	Sen. Kyrsten Sinema [I-AZ]	Rep. Darren Soto [D-FL]	Rep. Norma Torres [D-CA]
Rep. Mike Coffman [R-CO]	Rep. Tom Cole [R-OK]	Rep. Joyce Beatty [D-OH]	Rep. Derek Kilmer [D-WA]

Date	Chamber	Action
2017-03-23	House	Referred to the Subcommittee on Water Resources and Environment.
2017-03-23	House	Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
2017-03-23	House	Referred to the Subcommittee on Highways and Transit.
2017-03-23	House	Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
2017-03-23	House	Referred to the Subcommittee on Coast Guard and Maritime Transportation.
2017-03-23	House	Referred to the Subcommittee on Aviation.
2017-03-22	House	Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-22	House	Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-22	House	Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-22	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/1669/all-info
Text	https://www.congress.gov/115/bills/hr1669/BILLS-115hr1669ih.pdf