- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- May 15, 2026
What it does
The LIFT Act would create a new federal tax credit for issuers of American infrastructure bonds, allowing them to receive a percentage of interest payments from the Treasury—starting at 42% for bonds issued between 2026 and 2030 and gradually decreasing to 30% thereafter. The bill defines eligible bonds as those used exclusively for capital or maintenance expenditures on public infrastructure, with interest that would otherwise be tax-exempt, and requires issuers to make an irrevocable election to participate. It also modifies rules for advance refunding bonds and permanently increases the small issuer exception for financial institutions from $10 million to $30 million in tax-exempt…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.