S. 352 — Introduced in Senate

II 116th CONGRESS 1st Session S. 352 IN THE SENATE OF THE UNITED STATES February 6, 2019Mr. Cornyn (for himself and Mr. Warner) 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 increase the national limitation amount for qualified highway or surface freight transfer facility bonds. 1. Short title This Act may be cited as the Building United States Infrastructure and Leveraging Development Act or the BUILD Act. 2. Increase national limitation amount for qualified highway or surface freight transfer facility bonds (a) In general Section 142(m)(2)(A) of the Internal Revenue Code of 1986 is amended by striking $15,000,000,000 and inserting $20,800,000,000. (b) Effective date The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.