American Infrastructure Bonds Act of 2023

Bill 118 s 1695, also known as the American Infrastructure Bonds Act of 2023, is a piece of legislation introduced in the US Congress with the aim of addressing the country's infrastructure needs. The bill proposes the creation of a new type of bond, known as American Infrastructure Bonds, which would be issued by the US Treasury to fund various infrastructure projects across the country.

The American Infrastructure Bonds would have a maturity period of up to 30 years and would be exempt from federal income tax. This tax-exempt status is intended to attract a wide range of investors, including individuals, corporations, and pension funds, to invest in infrastructure projects.

The funds raised through the issuance of American Infrastructure Bonds would be used to finance a variety of infrastructure projects, such as the construction and repair of roads, bridges, airports, and public transportation systems. The bill also includes provisions for the establishment of a National Infrastructure Bank, which would oversee the allocation of funds and ensure that projects are completed in a timely and efficient manner. Overall, the American Infrastructure Bonds Act of 2023 aims to stimulate investment in the country's infrastructure, create jobs, and improve the overall quality of life for Americans. The bill has received bipartisan support in Congress and is currently being debated in committee before potentially being brought to a vote on the floor.