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Collegiate Housing and Infrastructure Act of 2023

12/15/2023, 4:07 PM

Summary of Bill S 1420

Bill 118 s 1420, also known as the Collegiate Housing and Infrastructure Act of 2023, aims to address the need for improved housing and infrastructure for college students across the United States. The bill focuses on providing funding and resources to colleges and universities to upgrade and expand their housing facilities, as well as improve infrastructure such as roads, sidewalks, and public transportation systems that serve college campuses.

The bill includes provisions for grants and loans to be distributed to eligible institutions based on their specific needs and plans for improvement. These funds can be used for construction, renovation, and maintenance of student housing, as well as for infrastructure projects that benefit the campus community as a whole.

Additionally, the Collegiate Housing and Infrastructure Act of 2023 emphasizes the importance of sustainability and energy efficiency in all projects funded by the bill. Colleges and universities are encouraged to prioritize environmentally friendly practices and technologies in their housing and infrastructure upgrades, in order to reduce their carbon footprint and promote a healthier living environment for students. Overall, this legislation seeks to enhance the overall college experience for students by providing safe, modern, and sustainable housing options, as well as improving the infrastructure that supports campus life. By investing in these areas, the bill aims to create a more conducive and enjoyable learning environment for college students across the country.

Congressional Summary of S 1420

Collegiate Housing and Infrastructure Act of 2023

This bill allows tax-exempt charitable or educational organizations to make collegiate housing and infrastructure grants to certain tax-exempt social clubs (e.g., college fraternities and sororities) that apply such grants to their collegiate housing property.

A collegiate housing and infrastructure grant is a grant to provide, improve, operate, or maintain collegiate housing property that may involve more than incidental social, recreational, or private purposes. The grant must be for purposes that would be permissible for a dormitory or other residential facility of the college or university with which the collegiate housing property is associated. The grant may not be used to provide physical fitness facilities.

Current Status of Bill S 1420

Bill S 1420 is currently in the status of Bill Introduced since May 3, 2023. Bill S 1420 was introduced during Congress 118 and was introduced to the Senate on May 3, 2023.  Bill S 1420's most recent activity was Read twice and referred to the Committee on Finance. as of May 3, 2023

Bipartisan Support of Bill S 1420

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
8
Democrat Cosponsors
2
Republican Cosponsors
6
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 1420

Primary Policy Focus

Taxation

Alternate Title(s) of Bill S 1420

Collegiate Housing and Infrastructure Act of 2023
Collegiate Housing and Infrastructure Act of 2023
A bill to amend the Internal Revenue Code of 1986 to provide for collegiate housing and infrastructure grants.

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