CONGRESS FOR VOTERS

David Kustoff (R-TN)

Investing in Our Communities Act

H.R. 1255 · House bill Taxation

A Republican bill with 4 Democratic cosponsors · See all 7 cosponsors

Last activity — Referred to the House Committee on Ways and Means.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

The Investing in Our Communities Act aims to amend the Internal Revenue Code of 1986. The primary purpose of this bill is to reinstate advance refunding bonds. It modifies how certain private activity bonds and other bonds are treated when they are issued to advance refund a previous bond. The bill includes specific rules regarding redemption dates, the timing of proceeds, and investment limits. It also establishes special rules for bonds issued before the enactment of this subsection. These changes apply to advance refunding bonds issued after the Act is enacted.

Yes· 3 of 6

  • Scored +2

    Is this likely to grow the economy?

    By allowing advance refunding, the bill provides more efficient debt management options for issuers, which can stimulate local investment.

  • Scored +1

    Does this make the government pay for what it commits to?

    The bill enhances the ability of issuers to realize debt service savings through strategic bond redemptions.

  • Scored +1

    Does this repair or build roads and bridges?

    Facilitating advance refunding can help municipalities manage debt more efficiently to fund infrastructure projects.

The opposite

No question was scored the opposite.