-
-
BILL SPONSOR
-
Edward Markey
Democratic - MA
-
-
TRACK BILL
-
-
-
-
Sponsor Party
Democratic
-
-
-
-
Congress
113
-
-
-
-
Bill Number
S.2203
-
-
-
-
Date Introduced
4/3/2014
-
-
-
Bill Progress
BILL INTRODUCED 4/3/2014
SENATE PASSED
HOUSE PASSED
PRESIDENT TO PRESIDENT
PRESIDENT SIGNS
-
-
-
S.2203 : A bill to amend the Internal Revenue Code of 1986 to permanently extend the tax treatment for certain build America bonds, and for other purposes.
-
- Rate Bill
Not yet rated
-
Bolstering Our Nation's Deficient Structures Act of 2014 or the BONDS Act - Amends the Internal Revenue Code, with respect to build America bonds, to: (1) make permanent the issuance authority for such bonds and the authority for payments to bond issuers, (2) make phased reductions in the credit percentage to bondholders and the percentage of payments to issuers of such bonds, (3) make federal wage rate and other grant requirements applicable to such bonds, (4) allow refundings of currently-issued bonds, and (5) allow the use of such 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.