Bill > S1957

This bill, titled the Partnership to Build America Act of 2014, establishes the American Infrastructure Fund (AIF), a government corporation designed to finance infrastructure projects. The AIF will be overseen by a Board of Trustees with expertise in finance and infrastructure, and its mission is to provide low-cost bond guarantees, loans, and equity investments to state and local governments and infrastructure providers for projects like transportation, energy, water, and communications facilities. The AIF will be funded by issuing up to $50 billion in "American Infrastructure Bonds," which are not backed by the full faith and credit of the U.S. government, and will also offer a tax incentive to U.S. corporations that purchase these bonds by allowing them to exclude certain foreign earnings from their taxable income, encouraging investment in these infrastructure projects.