3.0.0 1957 2023-01-11T13:27:03Z 2023-01-11T13:27:03Z Senate S S 2014-01-16 113 ssfi00 Finance Committee Senate Standing Referred to 2014-01-17T00:26:32Z Partnership to Build America Act of 2013 113 2084 HR 2013-09-04 Referred to the Subcommittee on Water Resources and Environment. Related bill CRS Emergency Unemployment Compensation Extension Act of 2014 113 4550 HR 2014-06-13 Referred to the Subcommittee on Higher Education and Workforce Training. Related bill CRS Text similarities House 2014-01-16 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2014-01-16 Introduced in Senate IntroReferral 10000 9 Library of Congress B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO N B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2014-01-16 True W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2014-01-16 True A000368 Sen. Ayotte, Kelly [R-NH] Kelly Ayotte R NH 2014-01-16 True L000550 Sen. Landrieu, Mary L. [D-LA] MARY LANDRIEU D LA 2014-01-16 True K000383 Sen. King, Angus S., Jr. [I-ME] Angus King I ME S. 2014-01-16 True G000359 Sen. Graham, Lindsey [R-SC] Lindsey Graham R SC 2014-01-16 True C000542 Sen. Coats, Daniel [R-IN] DANIEL COATS R IN RAY 2014-01-16 True H001061 Sen. Hoeven, John [R-ND] John Hoeven R ND 2014-01-16 True B001265 Sen. Begich, Mark [D-AK] Mark Begich D AK 2014-01-16 True K000360 Sen. Kirk, Mark Steven [R-IL] MARK KIRK R IL STEVEN 2014-01-16 True M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2014-01-30 False W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2014-02-24 False C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2014-05-14 False B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2014-06-11 False Transportation and Public Works Buy American requirements Corporate finance and management Foreign and international corporations Government corporations and government-sponsored enterprises Government lending and loan guarantees Income tax exclusion Infrastructure development Interest, dividends, interest rates Public-private cooperation Securities State and local finance Taxation of foreign income Transportation and Public Works 00 2014-01-16 Introduced in Senate 2014-03-13T21:41:24Z Partnership to Build America Act of 2014 - 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]). Authorizes AIF also to make equity investments in QIPs .

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.

]]> Partnership to Build America Act of 2014 Display Title Partnership to Build America Act of 2014 Short Titles as Introduced Partnership to Build America Act of 2014 Official Title as Introduced A bill to establish the American Infrastructure Fund, to provide bond guarantees and make loans to States, local governments, and infrastructure providers for investments in certain infrastructure projects, and to provide equity investments in such projects, and for other purposes. Introduced in Senate 2014-01-16T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113s1957is/xml/BILLS-113s1957is.xml 2014-01-16 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.