3.0.0 1669 2023-01-11T13:35:33Z 2023-01-11T13:35:33Z House HR 2017-03-22 115 [Congressional Record Volume 163, Number 50 (Wednesday, March 22, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DELANEY:H.R. 1669.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8.[Page H2349]]]> hspw00 Transportation and Infrastructure Committee House Standing hspw02 Water Resources and Environment Subcommittee Referred to 2017-03-23T16:11:29Z hspw14 Railroads, Pipelines, and Hazardous Materials Subcommittee Referred to 2017-03-23T16:10:58Z hspw12 Highways and Transit Subcommittee Referred to 2017-03-23T16:10:23Z hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee Referred to 2017-03-23T16:09:56Z hspw07 Coast Guard and Maritime Transportation Subcommittee Referred to 2017-03-23T16:08:26Z hspw05 Aviation Subcommittee Referred to 2017-03-23T16:07:31Z Referred to 2017-03-22T14:01:50Z hswm00 Ways and Means Committee House Standing Referred to 2017-03-22T14:02:00Z 2017-03-23 hspw02 Water Resources and Environment Subcommittee 1 House committee actions Referred to the Subcommittee on Water Resources and Environment. Committee 2017-03-23 hspw14 Railroads, Pipelines, and Hazardous Materials Subcommittee 1 House committee actions Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. Committee 2017-03-23 hspw12 Highways and Transit Subcommittee 1 House committee actions Referred to the Subcommittee on Highways and Transit. Committee 2017-03-23 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 2017-03-23 hspw07 Coast Guard and Maritime Transportation Subcommittee 1 House committee actions Referred to the Subcommittee on Coast Guard and Maritime Transportation. Committee 2017-03-23 hspw05 Aviation Subcommittee 1 House committee actions Referred to the Subcommittee on Aviation. Committee 2017-03-22 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 2017-03-22 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 2017-03-22 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 2017-03-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-03-22 Introduced in House IntroReferral 1000 9 Library of Congress D000620 Rep. Delaney, John K. [D-MD-6] John Delaney D MD K. 6 N D000619 Rep. Davis, Rodney [R-IL-13] Rodney Davis R IL 13 2017-03-22 True A000371 Rep. Aguilar, Pete [D-CA-31] Pete Aguilar D CA 31 2017-03-22 True B001282 Rep. Barr, Andy [R-KY-6] Andy Barr R KY 6 2017-03-22 True B001287 Rep. Bera, Ami [D-CA-7] Ami Bera D CA 7 2017-03-22 True B001286 Rep. Bustos, Cheri [D-IL-17] Cheri Bustos D IL 17 2017-03-22 True G000571 Rep. Gabbard, Tulsi [D-HI-2] Tulsi Gabbard D HI 2 2017-03-22 True G000583 Rep. Gottheimer, Josh [D-NJ-5] Josh Gottheimer D NJ 5 2017-03-22 True H001050 Rep. Hanabusa, Colleen [D-HI-1] Colleen Hanabusa D HI 1 2017-03-22 True H001064 Rep. Heck, Denny [D-WA-10] Denny Heck D WA 10 2017-03-22 True K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2017-03-22 True K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 2017-03-22 True L000565 Rep. Loebsack, David [D-IA-2] David Loebsack D IA 2 2017-03-22 True M001185 Rep. Maloney, Sean Patrick [D-NY-18] Sean Maloney D NY Patrick 18 2017-03-22 True M001180 Rep. McKinley, David B. [R-WV-1] David McKinley R WV B. 1 2017-03-22 True M001196 Rep. Moulton, Seth [D-MA-6] Seth Moulton D MA 6 2017-03-22 True N000188 Rep. Norcross, Donald [D-NJ-1] Donald Norcross D NJ 1 2017-03-22 True P000608 Rep. Peters, Scott H. [D-CA-52] Scott Peters D CA H. 52 2017-03-22 True P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2017-03-22 True R000576 Rep. Ruppersberger, C. A. Dutch [D-MD-2] C. A. Ruppersberger D MD Dutch 2 2017-03-22 True S001190 Rep. Schneider, Bradley Scott [D-IL-10] Bradley Schneider D IL Scott 10 2017-03-22 True S001191 Rep. Sinema, Kyrsten [D-AZ-9] Kyrsten Sinema D AZ 9 2017-03-22 True S001200 Rep. Soto, Darren [D-FL-9] Darren Soto D FL 9 2017-03-22 True T000474 Rep. Torres, Norma J. [D-CA-35] Norma Torres D CA J. 35 2017-03-22 True C001077 Rep. Coffman, Mike [R-CO-6] Mike Coffman R CO 6 2017-06-02 False C001053 Rep. Cole, Tom [R-OK-4] Tom Cole R OK 4 2017-06-20 False B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2017-06-20 False K000381 Rep. Kilmer, Derek [D-WA-6] Derek Kilmer D WA 6 2017-10-10 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 2017-03-22 Introduced in House 2017-06-19T21:41:30Z 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 Display Title Partnership to Build America Act of 2017 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 2017 Introduced in House 2017-03-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1669ih/xml/BILLS-115hr1669ih.xml 2017-03-23 Referred to the Subcommittee on Water Resources and Environment. 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.