Investing in Our Communities Act
Latest action · May 15, 2019 Referred to the House Committee on Ways and Means.
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 15, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Investing in Our Communities Act
This bill amends the Internal Revenue Code, with respect to the requirements for tax-exempt bonds, to reinstate the exclusion from gross income for interest on certain bonds issued to advance refund another bond. The exclusion was repealed for bonds issued after 2017.
(A refunding bond is a bond used to pay principal, interest, or the redemption price on a prior bond issue. An advance refunding bond is issued more than 90 days before the redemption of the refunded bond.)
Cosponsors 31
Members who signed on, in the order they did. Signatures ran from May 15, 2019 to Sep 22, 2020, with 9 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-KY | Andy Barr | Original | May 15, 2019 |
| D-WA | Derek Kilmer | Original | May 15, 2019 |
| D-DC | Eleanor Holmes Norton | Original | May 15, 2019 |
| D-TX | Henry Cuellar | Original | May 15, 2019 |
| D-CA | John Garamendi | Original | May 15, 2019 |
| R-NY | Lee M. Zeldin | Original | May 15, 2019 |
| D-IL | Raja Krishnamoorthi | Original | May 15, 2019 |
| R-OH | Steve Stivers | Original | May 15, 2019 |
| D-AL | Terri A. Sewell | Original | May 15, 2019 |
| D-MI | Daniel T. Kildee | May 21, 2019 | |
| R-PA | Brian K. Fitzpatrick | Jun 4, 2019 | |
| R-FL | Ross Spano | Jun 4, 2019 | |
| R-MO | Sam Graves | Jun 25, 2019 | |
| D-TX | Vicente Gonzalez | Jun 26, 2019 | |
| D-OR | Earl Blumenauer | Jul 18, 2019 |
Actions 2
Everything that happened, newest first.
- May 15, 2019Introduced in House
- May 15, 2019Referred to the House Committee on Ways and Means.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 2 | Moving Forward Act | Related bill | Jul 20, 2020 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 15, 2019Introduced 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.
