Partnership to Build America Act of 2013
Latest action · Sep 4, 2013 Referred to the Subcommittee on Water Resources and Environment.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 22, 2013
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Partnership to Build America Act of 2013 - Establishes the American Infrastructure Fund (AIF) as a wholly-owned government corporation to provide bond guarantees and make loans to state and local governments and non-profit infrastructure providers for transportation, energy, water, communications, or educational facility infrastructure projects (Qualified Infrastructure Projects [QIPs]). Requires AIF also to make equity investments in QIPs such entities sponsor.
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.
Cosponsors 75
Members who signed on, in the order they did. Signatures ran from May 22, 2013 to Jul 31, 2014; 26 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IL | Adam Kinzinger | Original | May 22, 2013 |
| D-CA | Ami Bera | Original | May 22, 2013 |
| R-KY | Andy Barr | Original | May 22, 2013 |
| R-OH | Bill Johnson | Original | May 22, 2013 |
| D-MD | C. A. Dutch Ruppersberger | Original | May 22, 2013 |
| R-NY | Christopher P. Gibson | Original | May 22, 2013 |
| R-OH | David P. Joyce | Original | May 22, 2013 |
| D-VA | Gerald E. Connolly | Original | May 22, 2013 |
| D-VA | James P. Moran | Original | May 22, 2013 |
| D-CO | Jared Polis | Original | May 22, 2013 |
| D-FL | Joe Garcia | Original | May 22, 2013 |
| D-DE | John C. Carney, Jr. | Original | May 22, 2013 |
| D-MA | Joseph P. Kennedy III | Original | May 22, 2013 |
| I-AZ | Kyrsten Sinema | Original | May 22, 2013 |
| R-IN | Luke Messer | Original | May 22, 2013 |
| R-PA | Michael G. Fitzpatrick | Original | May 22, 2013 |
| R-OH | Michael R. Turner | Original | May 22, 2013 |
| D-FL | Patrick Murphy | Original | May 22, 2013 |
| R-NC | Robert Pittenger | Original | May 22, 2013 |
| R-IL | Rodney Davis | Original | May 22, 2013 |
| D-WI | Ron Kind | Original | May 22, 2013 |
| D-CA | Scott H. Peters | Original | May 22, 2013 |
| R-OH | Steve Stivers | Original | May 22, 2013 |
| R-FL | Ted S. Yoho | Original | May 22, 2013 |
| R-OK | Tom Cole | Original | May 22, 2013 |
| D-HI | Tulsi Gabbard | Original | May 22, 2013 |
| R-VA | E. Scott Rigell | Jun 6, 2013 | |
| D-AZ | Ron Barber | Jun 6, 2013 | |
| R-KY | Ed Whitfield | Jun 14, 2013 | |
| D-NH | Ann M. Kuster | Jun 18, 2013 | |
| D-WA | Denny Heck | Jun 27, 2013 | |
| R-NJ | Jon Runyan | Jun 27, 2013 | |
| D-CA | Michael M. Honda | Jun 27, 2013 | |
| R-ND | Kevin Cramer | Jul 18, 2013 | |
| R-WI | Reid J. Ribble | Jul 22, 2013 | |
| D-NY | Sean Patrick Maloney | Jul 22, 2013 | |
| R-PA | Scott Perry | Jul 24, 2013 | |
| D-NY | William L. Owens | Jul 24, 2013 | |
| D-NY | Carolyn B. Maloney | Aug 2, 2013 | |
| R-CA | David G. Valadao | Aug 2, 2013 | |
| D-CO | Ed Perlmutter | Aug 2, 2013 | |
| R-IL | John Shimkus | Aug 2, 2013 | |
| R-NV | Joseph J. Heck | Aug 2, 2013 | |
| D-IL | Cheri Bustos | Sep 10, 2013 | |
| R-CA | Jeff Denham | Sep 20, 2013 | |
| R-TX | Blake Farenthold | Oct 16, 2013 | |
| R-MD | Andy Harris | Oct 30, 2013 | |
| D-CA | Grace F. Napolitano | Nov 12, 2013 | |
| D-CA | Janice Hahn | Nov 14, 2013 | |
| D-NV | Steven Horsford | Nov 18, 2013 | |
| R-IN | Larry Bucshon | Jan 27, 2014 | |
| D-MA | Stephen F. Lynch | Jan 31, 2014 | |
| D-IL | Tammy Duckworth | Jan 31, 2014 | |
| D-MO | Emanuel Cleaver | Feb 27, 2014 | |
| D-MO | Wm. Lacy Clay | Feb 27, 2014 | |
| R-NY | Richard L. Hanna | Mar 13, 2014 | |
| R-FL | Dennis A. Ross | Mar 24, 2014 | |
| R-CO | Mike Coffman | Mar 26, 2014 | |
| D-NY | Steve Israel | Mar 26, 2014 | |
| R-IN | Susan W. Brooks | Apr 2, 2014 | |
| R-FL | Mario Diaz-Balart | Apr 3, 2014 | |
| D-TX | Filemon Vela | Apr 30, 2014 | |
| R-NC | Mark Meadows | Apr 30, 2014 | |
| R-CO | Cory Gardner | Jun 11, 2014 | |
| R-MO | Jason Smith | Jun 11, 2014 | |
| R-PA | Charles W. Dent | Jun 12, 2014 | |
| D-IA | David Loebsack | Jun 13, 2014 | |
| D-CA | Anna G. Eshoo | Jun 23, 2014 | |
| R-WV | Shelley Moore Capito | Jul 8, 2014 | |
| R-OH | Jim Jordan | Jul 10, 2014 | |
| R-FL | David W. Jolly | Jul 23, 2014 | |
| D-NC | David E. Price | Jul 28, 2014 | |
| D-NJ | Frank Pallone, Jr. | Jul 29, 2014 | |
| R-IN | Todd Rokita | Jul 29, 2014 | |
| D-GA | Sanford D. Bishop, Jr. | Jul 31, 2014 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Transportation and Infrastructure Committee | Referred May 22, 2013 |
| Aviation Subcommittee | Referred May 22, 2013 | |
| Highways and Transit Subcommittee | Referred Sep 4, 2013 | |
| Railroads, Pipelines, and Hazardous Materials Subcommittee | Referred Sep 4, 2013 | |
| Water Resources and Environment Subcommittee | Referred Sep 4, 2013 | |
| House | Ways and Means Committee | Referred May 22, 2013 |
Actions 6
Everything that happened, newest first.
- Sep 4, 2013Referred to the Subcommittee on Highways and Transit.
- Sep 4, 2013Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
- Sep 4, 2013Referred to the Subcommittee on Water Resources and Environment.
- May 22, 2013Introduced in House
- May 22, 2013Referred 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.
In the Congressional Record 2
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H2737 | John K. Delaney D-MD | Mar 27, 2014 |
| House | Debate and remarks H4512, H4513 | John Garamendi D-CA, John K. Delaney D-MD | Jul 16, 2013 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H2911.
CRS reports 2
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 2
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R42467 | Legislative Options in the 114th Congress for Financing Water Infrastructure Archived | Report | Dec 30, 2016 |
| R42877 | Funding and Financing Highways and Public Transportation Under MAP-21 Archived | Report | Sep 23, 2015 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1957 | Partnership to Build America Act of 2014 | Related bill | Jan 16, 2014 |
| HR 4550 | Emergency Unemployment Compensation Extension Act of 2014 | Related bill | Jun 13, 2014 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To establish the American Infrastructure Fund, to provide bond guarantees and make loans to States, local governments, and non-profit infrastructure providers for investments in certain infrastructure projects, and to provide equity investments in such projects, and for other purposes.
- Short Titles as Introduced
- Partnership to Build America Act of 2013
Subjects
Assigned by the Library of Congress. Policy area: Transportation and Public Works.
- 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
Text 1
Each version as it was printed, newest first.
- May 22, 2013Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
