H.R. 789: Build America Bonds Act of 2013

Introduced:
Feb 15, 2013 (113th Congress, 2013–2015)
Sponsor:
Rep. Richard Neal [D-MA1]
Status:
Referred to Committee

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was assigned to a congressional committee on February 15, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Feb 15, 2013
Referred to Committee Feb 15, 2013
Reported by Committee ...
Passed House ...
Passed Senate ...
Signed by the President ...
Prognosis

1% chance of getting past committee.
0% chance of being enacted.

Only 11% of House bills made it past committee and only 3% were enacted in 2011–2013. [show factors | methodology]

Cosponsors
14 cosponsors (14D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to permanently extend the tax treatment for certain build America bonds, and for other purposes.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Feb 15, 2013.
6 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/15/2013--Introduced.
Build America Bonds Act of 2013 - Amends the Internal Revenue Code to:
(1) make permanent the issuance authority for Build America Bonds and the authority for payments to issuers of such bonds,
(2) make phased reductions in the credit percentage to bondholders and the percentage of payments to issuers of such bonds,
(3) allow refundings of currently issued bonds, and
(4) allow the use of Build America bonds to fund capital expenditures for levees and flood control projects.
Provides for an increase in payments to issuers of Build America bonds to compensate for reductions in the amount of such payments due to sequestration.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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