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Senate Bill 881
117th Congress(2021-2022)
BUILD Act
Introduced
Introduced
Introduced in Senate on Mar 22, 2021
Overview
Text
Introduced in Senate 
Mar 22, 2021
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Introduced in Senate(Mar 22, 2021)
Mar 22, 2021
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 881 (Introduced-in-Senate)


117th CONGRESS
1st Session
S. 881


To amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds.

IN THE SENATE OF THE UNITED STATES

March 22, 2021

Mr. Cornyn introduced the following bill; which was read twice and referred to the Committee on Finance

A BILL

To amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Building United States Infrastructure and Leveraging Development Act” or the “BUILD Act”.

SEC. 2. Increase national limitation amount for qualified highway or surface freight transfer facility bonds.

(a) In general.—Section 142(m)(2)(A) of the Internal Revenue Code of 1986 is amended by striking “$15,000,000,000” and inserting “$30,000,000,000”.

(b) Effective date.—The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.