Partnership to Build America Act of 2015

3.0.0 413 2023-01-11T13:29:05Z 2023-01-11T13:29:05Z House HR 2015-01-20 114 [Congressional Record Volume 161, Number 9 (Tuesday, January 20, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DELANEY:H.R. 413.Congress has the power to enact this legislation pursuantto the following:Article I section 8 of the United States Constitution.[Page H431]]]> hspw00 Transportation and Infrastructure Committee House Standing hspw14 Railroads, Pipelines, and Hazardous Materials Subcommittee Referred to 2015-01-21T20:26:50Z hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee Referred to 2015-01-21T20:26:39Z hspw07 Coast Guard and Maritime Transportation Subcommittee Referred to 2015-01-21T20:26:28Z hspw05 Aviation Subcommittee Referred to 2015-01-21T20:26:17Z hspw02 Water Resources and Environment Subcommittee Referred to 2015-01-21T20:21:17Z hspw12 Highways and Transit Subcommittee Referred to 2015-01-21T14:02:03Z Referred to 2015-01-20T17:01:45Z hswm00 Ways and Means Committee House Standing Referred to 2015-01-20T17:01:50Z 2015-01-21 hspw14 Railroads, Pipelines, and Hazardous Materials Subcommittee 1 House committee actions Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. Committee 2015-01-21 hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee 1 House committee actions Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. Committee 2015-01-21 hspw07 Coast Guard and Maritime Transportation Subcommittee 1 House committee actions Referred to the Subcommittee on Coast Guard and Maritime Transportation. Committee 2015-01-21 hspw05 Aviation Subcommittee 1 House committee actions Referred to the Subcommittee on Aviation. Committee 2015-01-21 hspw02 Water Resources and Environment Subcommittee 1 House committee actions Referred to the Subcommittee on Water Resources and Environment. Committee 2015-01-21 hspw12 Highways and Transit Subcommittee 1 House committee actions Referred to the Subcommittee on Highways and Transit. Committee 2015-01-20 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2015-01-20 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. IntroReferral H11100-A 9 Library of Congress 2015-01-20 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. IntroReferral H11100 2 House floor actions hspw00 Transportation and Infrastructure Committee 2015-01-20 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-01-20 Introduced in House IntroReferral 1000 9 Library of Congress D000620 Rep. Delaney, John K. [D-MD-6] John Delaney D MD K. 6 N F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 2015-01-20 True P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2015-01-20 True B001275 Rep. Bucshon, Larry [R-IN-8] Larry Bucshon R IN 8 2015-01-20 True B001287 Rep. Bera, Ami [D-CA-7] Ami Bera D CA 7 2015-01-20 True W000413 Rep. Whitfield, Ed [R-KY-1] EDWARD WHITFIELD R KY 1 2015-01-20 True R000576 Rep. Ruppersberger, C. A. Dutch [D-MD-2] C. A. Ruppersberger D MD Dutch 2 2015-01-20 True D000619 Rep. Davis, Rodney [R-IL-13] Rodney Davis R IL 13 2015-01-20 True G000571 Rep. Gabbard, Tulsi [D-HI-2] Tulsi Gabbard D HI 2 2015-01-20 True S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2015-01-20 True I000057 Rep. Israel, Steve [D-NY-3] STEVE ISRAEL D NY 3 2015-01-20 True C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2015-01-20 True L000565 Rep. Loebsack, David [D-IA-2] David Loebsack D IA 2 2015-01-20 True L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 2015-01-20 True M001185 Rep. Maloney, Sean Patrick [D-NY-18] Sean Maloney D NY Patrick 18 2015-01-20 True M001191 Rep. Murphy, Patrick [D-FL-18] Patrick Murphy D FL 18 2015-01-20 True H001055 Rep. Heck, Joseph J. [R-NV-3] Joseph Heck R NV J. 3 2015-01-20 True J000296 Rep. Jolly, David W. [R-FL-13] David Jolly R FL W. 13 2015-01-20 True M001189 Rep. Messer, Luke [R-IN-6] Luke Messer R IN 6 2015-01-20 True P000606 Rep. Pittenger, Robert [R-NC-9] Robert Pittenger R NC 9 2015-01-20 True H001064 Rep. Heck, Denny [D-WA-10] Denny Heck D WA 10 2015-01-20 True J000295 Rep. Joyce, David P. [R-OH-14] David Joyce R OH P. 14 2015-01-20 True C001083 Rep. Carney, John C., Jr. [D-DE-At Large] John Carney D DE C. 0 2015-01-20 True B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2015-01-20 True M001193 Rep. MacArthur, Thomas [R-NJ-3] Thomas MacArthur R NJ 3 2015-01-20 True B001286 Rep. Bustos, Cheri [D-IL-17] Cheri Bustos D IL 17 2015-01-20 True P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 2015-01-20 True C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2015-01-20 True P000608 Rep. Peters, Scott H. [D-CA-52] Scott Peters D CA H. 52 2015-01-20 True K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 2015-01-20 True K000378 Rep. Kinzinger, Adam [R-IL-16] Adam Kinzinger R IL 16 2015-01-20 True D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 2015-01-20 True D000604 Rep. Dent, Charles W. [R-PA-15] Charles Dent R PA W. 15 2015-01-27 False B001284 Rep. Brooks, Susan W. [R-IN-5] Susan Brooks R IN W. 5 2015-01-28 False G000564 Rep. Gibson, Christopher P. [R-NY-19] Christopher Gibson R NY P. 19 2015-01-28 False L000581 Rep. Lawrence, Brenda L. [D-MI-14] Brenda Lawrence D MI L. 14 2015-02-27 False T000474 Rep. Torres, Norma J. [D-CA-35] Norma Torres D CA J. 35 2015-03-13 False M001180 Rep. McKinley, David B. [R-WV-1] David McKinley R WV B. 1 2015-03-26 False C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 2015-04-16 False A000373 Rep. Ashford, Brad [D-NE-2] Brad Ashford D NE 2 2015-05-21 False B001296 Rep. Boyle, Brendan F. [D-PA-13] Brendan Boyle D PA F. 13 2015-06-09 False Y000062 Rep. Yarmuth, John A. [D-KY-3] John Yarmuth D KY A. 3 2015-06-09 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 2015-01-20 Introduced in House 2015-01-26T20:08:38Z Partnership to Build America Act of 2015

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.

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Partnership to Build America Act of 2015 Display Title Partnership to Build America Act of 2015 Official Title as Introduced 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 House IH Short Titles as Introduced Partnership to Build America Act of 2015 Introduced in House 2015-01-20T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr413ih/xml/BILLS-114hr413ih.xml 2015-01-21 Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. 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.