Bills · HR 2440
IN COMMITTEE· 119TH CONGRESS
House BillHR 2440Taxation
SIFIA Act
INTRO MAR 27· LAST ACTION MAR 27
READING
13MIN
COSPONSORS
1
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it offers a new approach to addressing the significant and widespread need for modern and well-maintained school infrastructure in the U.S. By providing a federal tax credit to bondholders, it could make it cheaper for school districts to finance new buildings or renovations, which is crucial given tight local budgets. If this bill becomes law, it could lead to more rapid development of school facilities, and specifically promote the construction of highly energy-efficient, net-zero energy buildings, which would save schools money on utility costs in the long run and reduce their environmental impact.
Without this bill, school districts would continue to rely on traditional financing methods, which might be more expensive, and there would be no specific federal incentive tied to net-zero energy school construction through this type of bond. It also encourages public-private partnerships in school development, potentially bringing private sector efficiency and innovation to public projects. This could directly impact students' learning environments and the financial health of school systems.
KEY PROVISIONS
5AI-extractedPROVISION 01
Establishes 'SIFIA bonds' which provide a federal income tax credit to the bondholder instead of tax-exempt interest.
This creates a new, potentially lower-cost financing mechanism for public school infrastructure projects.
PROVISION 02
Requires that 100% of the funds from SIFIA bonds be used for school facilities that are reasonably expected to be net-zero energy buildings.
This provision promotes energy efficiency and sustainability in new school construction, reducing long-term operating costs and environmental impact.
PROVISION 03
Mandates that SIFIA bond projects involve an agreement with a private, for-profit entity to build, operate, and then transfer facilities to the educational agency.
This encourages public-private partnerships in school development, leveraging private sector expertise and resources.
PROVISION 04
Sets an overall national limit of $10 billion on the total face amount of SIFIA bonds that can be issued, with an annual cap of $2.5 billion.
This controls the federal expenditure associated with the tax credits and provides a framework for the program's scale.
PROVISION 05
Allocates $1 billion of the overall SIFIA bond limit specifically for projects located in rural areas.
This ensures that a portion of the funding benefits rural communities, which often face unique challenges in infrastructure development.
SPONSORSHIP
1 + 1
R· North Carolina
YRS IN OFFICE
13
BILLS LED
17
COSPONSOR BREAKDOWNBIPARTISAN · 0%
DEM 1 REP 0 IND 0
ACTION TIMELINE
2 EVENTSMAR 27
Introduced in House
MAR 27
Referred to the House Committee on Ways and Means.
BILL INFO
TypeHouse Bill
NumberHR 2440
Congress119th
StatusIn Committee
IntroducedMar 27, 2025
Last actionMar 27, 2025
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IN COMMITTEE· 119TH CONGRESS · WAYS AND MEANS COMMITTEE · INTRODUCED MAR 27, 2025
House BillHR 2440Taxation
SIFIA Act
INTRODUCED MAR 27, 2025· LAST ACTION MAR 27, 2025
PASSAGE CHANCES
—%
READING
13 min
COSPONSORS
1
COMPLEXITY
Moderate
