Bill > HR2084

Introduced Session

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.

Committee Categories

John Delaney (D)*,  Ron Barber (D),  Andy Barr (R),  Ami Bera (D),  Sanford Bishop (D),  Susan Brooks (R),  Larry Bucshon (R),  Cheri Bustos (D),  Shelley Moore Capito (R),  John Carney (D),  Lacy Clay (D),  Emanuel Cleaver (D),  Mike Coffman (R),  Tom Cole (R),  Gerry Connolly (D),  Kevin Cramer (R),  Rodney Davis (R),  Jeff Denham (R),  Charles Dent (R),  Mario Diaz-Balart (R),  Tammy Duckworth (D),  Anna Eshoo (D),  Blake Farenthold (R),  Michael Fitzpatrick (R),  Tulsi Gabbard (D),  Joe Garcia (D),  Cory Gardner (R),  Christopher Gibson (R),  Janice Hahn (D),  Richard Hanna (R),  Andy Harris (R),  Denny Heck (D),  Joseph Heck (R),  Michael Honda (D),  Steven Horsford (D),  Steve Israel (D),  Bill Johnson (R),  David Jolly (R),  Jim Jordan (R),  Dave Joyce (R),  Joseph Kennedy (D),  Ron Kind (D),  Adam Kinzinger (R),  Ann Kuster (D),  David Loebsack (D),  Stephen Lynch (D),  Carolyn Maloney (D),  Sean Maloney (D),  Mark Meadows (R),  Luke Messer (R),  James Moran (D),  Patrick Murphy (D),  Grace Napolitano (D),  William Owens (D),  Frank Pallone (D),  Ed Perlmutter (D),  Scott Perry (R),  Scott Peters (D),  Robert Pittenger (R),  Jared Polis (D),  David Price (D),  Reid Ribble (R),  E. Scott Rigell (R),  Todd Rokita (R),  Dennis Ross (R),  Jon Runyan (R),  Dutch Ruppersberger (D),  John Shimkus (R),  Kyrsten Sinema (I),  Jason Smith (R),  Steve Stivers (R),  Mike Turner (R),  David Valadao (R),  Filemón Vela (D),  Ed Whitfield (R),  Ted Yoho (R), 

Referred to the Subcommittee on Water Resources and Environment. (on 09/04/2013)

Official Document