S.238: Build America Bonds Act of 2009

About This Bill

Bill Sponsor

Bill Summary

Build America Bonds Act of 2009 - Amends the Internal Revenue Code to allow an income tax credit for any Build America bond issued by the Transportation Finance Corporation as part of an issue, if 100% of the available project proceeds from such issue are to be used for expenditures incurred for one or more qualified projects. Requires proceeds from the sale of bonds issued under this Act to be held in a Build America Bonds Trust Account....

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with S.238.

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Finance.
Jan. 14, 2009

Introduced in the Senate by Ron Wyden (D-Ore.)

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