3.0.0 238 2022-02-03T06:06:14Z 2022-02-03T06:06:14Z Senate S S 2009-01-14 111 ssfi00 Finance Committee Senate Standing Referred to 2009-01-14T21:24:01Z 2009-01-14 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2009-01-14 Sponsor introductory remarks on measure. (CR S390) IntroReferral B00100 9 Library of Congress 2009-01-14 Introduced in Senate IntroReferral 10000 9 Library of Congress W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR N T000250 Sen. Thune, John [R-SD] John Thune R SD R. 2009-01-14 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2009-01-14 True C001035 Sen. Collins, Susan M. [R-ME] Susan Collins R ME M. 2009-01-14 True W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2009-01-15 False B001265 Sen. Begich, Mark [D-AK] Mark Begich D AK 2009-05-04 False Taxation Government trust funds Income tax credits Infrastructure development Intergovernmental relations Marine and inland water transportation Navigation, waterways, harbors Public transit Railroads Roads and highways Securities State and local finance Tariffs Transportation programs funding User charges and fees Taxation 00 2009-01-14 Introduced in Senate 2009-02-25T22:39:50Z Build America Bonds Act of 2009 - Amends the Internal Revenue Code to allow an income tax credit for any Build America bond issued by the Transportation Finance Corporation as part of an issue, if 100% of the available project proceeds from such issue are to be used for expenditures incurred for one or more qualified projects. Requires proceeds from the sale of bonds issued under this Act to be held in a Build America Bonds Trust Account.

Defines "qualified project" as the capital improvements to any transportation infrastructure project (including roads, bridges, rail and transit systems, ports, and inland waterways) proposed by one or more states and approved by the Transportation Finance Corporation.

Grants Congress' consent and recognition to the establishment by two or more state infrastructure banks of the Transportation Finance Corporation. Authorizes the Transportation Finance Corporation to: (1) issue Build America bonds for the financing of qualified projects; (2) establish and operate the Build America Bonds Trust Account; (3) leverage resources and stimulate public and private investment in transportation infrastructure; and (4) perform any other function the sole purpose of which is to carry out the financing of qualified projects through Build America bonds.

Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs fees for the processing of merchandise entered into the United States through specified dates in 2046.

]]> Build America Bonds Act of 2009 Short Titles as Introduced Build America Bonds Act of 2009 Display Title Build America Bonds Act of 2009 Official Title as Introduced A bill to provide $50,000,000,000 in new transportation infrastructure funding through bonding to empower States and local governments to complete significant infrastructure projects across all modes of transportation, including roads, bridges, rail and transit systems, ports, and inland waterways, and for other purposes. Introduced in Senate 2009-01-21T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s238is/xml/BILLS-111s238is.xml 2009-01-14 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.