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Senate Bill 4129
116th Congress(2019-2020)
LOCAL Infrastructure Act
Introduced
Introduced
Introduced in Senate on Jul 1, 2020
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Introduced in Senate 
Jul 1, 2020
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Introduced in Senate(Jul 1, 2020)
Jul 1, 2020
Not Scanned for Linkage
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. 4129 (Introduced-in-Senate)


116th CONGRESS
2d Session
S. 4129


To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds.

IN THE SENATE OF THE UNITED STATES

July 1, 2020

Mr. Wicker (for himself, Ms. Stabenow, Mr. Bennet, Mrs. Capito, Mr. Barrasso, Mr. Menendez, Mr. Moran, and Mr. Carper) 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 reinstate advance refunding 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 “Lifting Our Communities through Advance Liquidity for Infrastructure Act” or the “LOCAL Infrastructure Act”.

SEC. 2. Reinstatement of advance refunding bonds.

(a) In general.—The amendments made by section 13532 of Public Law 115–97 are repealed and the provisions of law amended by such section are restored as if such section had never been enacted.

(b) Effective date.—The repeal made by this section shall take effect on the date of enactment of this Act.