Rep. Sewell Introduces LIFT Act to Lower Costs for Local Infrastructure Projects
The LIFT Act was introduced in the House and is currently being reviewed by the Committee on Ways and Means. It is in the early stages of the legislative process and is considered active. There are no upcoming votes scheduled at this time.
While infrastructure tools are popular with local officials, the bill faces a difficult path because it increases federal spending and includes labor rules that often divide the parties.
This bill’s path across every version that has carried it.
Reintroduced
Reintroduced from H.R. 8396 (118th), which died when its Congress ended.
H.R. 8396 (118th) →Scores run from -100 (strongly harmful) to +100 (strongly beneficial) for each group, combining impact, certainty, scope, and duration ratings of 1-5. How impact scoring works
Renters in communities using these bonds could see improved public infrastructure and services. To the extent that lower municipal borrowing costs reduce pressure on local tax increases, some of those savings could flow through to renters, though the connection is less direct than for homeowners.
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Bipartisan legislation known as the American Infrastructure Bonds Act has been reintroduced to provide local governments with a new 'direct-pay' taxable bond option. The bill includes a federal credit to offset interest costs and requires projects to adhere to local prevailing wage standards.
The LIFT Act proposes a three-pronged approach to infrastructure finance: restoring advance refunding, modernizing small borrower rules, and establishing American Infrastructure Bonds. The direct-pay model is designed to attract a broader base of investors, including pension funds.
No votes recorded for this bill yet.
Document Type
Congressional Bill
Official Title
LIFT Act
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