[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[S. 881 Introduced in Senate (IS)]

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117th CONGRESS
  1st Session
                                 S. 881

  To amend the Internal Revenue Code of 1986 to increase the national 
  limitation amount for qualified highway or surface freight transfer 
                            facility bonds.


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                   IN THE SENATE OF THE UNITED STATES

                             March 22, 2021

  Mr. Cornyn introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to increase the national 
  limitation amount for qualified highway or surface freight transfer 
                            facility bonds.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Building United States 
Infrastructure and Leveraging Development Act'' or the ``BUILD Act''.

SEC. 2. INCREASE NATIONAL LIMITATION AMOUNT FOR QUALIFIED HIGHWAY OR 
              SURFACE FREIGHT TRANSFER FACILITY BONDS.

    (a) In General.--Section 142(m)(2)(A) of the Internal Revenue Code 
of 1986 is amended by striking ``$15,000,000,000'' and inserting 
``$30,000,000,000''.
    (b) Effective Date.--The amendments made by this section shall 
apply to bonds issued after the date of the enactment of this Act.
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