HR 2288 · 117th Congress 2021–2023, ended

Investing in Our Communities Act

Introduced Mar 29, 2021 Originated House Sponsor C. A. Dutch Ruppersberger D-MD

Fact sheet Spreadsheet

Latest action · Mar 29, 2021 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.

  1. IntroducedMar 29, 2021
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Investing in Our Communities Act

This bill reinstates the exclusion from gross income for interest on certain bonds issued to advance the refunding of a prior bond issue. The exclusion was repealed for bonds issued after 2017.

Cosponsors 31

Members who signed on, in the order they did. Signatures ran from Mar 29, 2021 to Jan 19, 2022; 23 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
R-NYAndrew R. GarbarinoOriginalMar 29, 2021
R-KYAndy BarrOriginalMar 29, 2021
R-PABrian K. FitzpatrickOriginalMar 29, 2021
D-IACynthia AxneOriginalMar 29, 2021
D-MIDaniel T. KildeeOriginalMar 29, 2021
R-TNDavid KustoffOriginalMar 29, 2021
D-MNDean PhillipsOriginalMar 29, 2021
D-WADerek KilmerOriginalMar 29, 2021
D-OREarl BlumenauerOriginalMar 29, 2021
D-DCEleanor Holmes NortonOriginalMar 29, 2021
R-MIFred UptonOriginalMar 29, 2021
D-VAGerald E. ConnollyOriginalMar 29, 2021
D-MIHaley M. StevensOriginalMar 29, 2021
D-TXHenry CuellarOriginalMar 29, 2021
D-MAJames P. McGovernOriginalMar 29, 2021
D-CAJimmy PanettaOriginalMar 29, 2021
D-CAJohn GaramendiOriginalMar 29, 2021
D-OHJoyce BeattyOriginalMar 29, 2021
D-CAJudy ChuOriginalMar 29, 2021
D-CAJulia BrownleyOriginalMar 29, 2021
R-NYLee M. ZeldinOriginalMar 29, 2021
R-OHSteve StiversOriginalMar 29, 2021
D-ALTerri A. SewellOriginalMar 29, 2021
R-FLByron DonaldsApr 1, 2021
D-TXVicente GonzalezApr 1, 2021
R-MIPeter MeijerMay 12, 2021
D-NYAntonio DelgadoMay 19, 2021
D-CAJared HuffmanJun 1, 2021
D-CAPete AguilarJun 22, 2021
D-CAMark DeSaulnierJun 28, 2021
R-OHSteve ChabotJan 19, 2022

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred Mar 29, 2021

Actions 2

Everything that happened, newest first.

  1. Mar 29, 2021Introduced in House
  2. Mar 29, 2021Referred to the House Committee on Ways and Means.

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

Congress has the power to enact this legislation pursuant to the following: Article 1, Section 8, Clause 18 and Article 1, Section 8, Clause 1

The sponsor’s statement, as printed in the Congressional Record, vol. 167, no. 58, March 29, 2021, page H1699.

Printed hearings 1

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

NumberHearingCommitteeHeld
S. Hrg. 117-540FUNDING AND FINANCING OPTIONS TO BOLSTER AMERICAN INFRASTRUCTURE152 pagesFinance CommitteeMay 18, 2021

Related bills 3

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 2634LIFT ActRelated billApr 16, 2021
HR 2772Investing in Our Communities ActReintroduction ofMay 15, 2019
HR 5376An act to provide for reconciliation pursuant to title II of S. Con. Res. 14.Related billAug 16, 2022

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.
Short Title(s) as Introduced
Investing in Our Communities Act

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Mar 29, 2021Introduced in House

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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.