S5203Referred to Committee

A bill to amend the Internal Revenue Code of 1986 to modify rules relating to certain exempt facility bonds.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-07-30
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

David McCormick
David McCormick
Republican · PA · Senator
Votes with party: 76.6% (851 recorded votes)

Full profile: /officials/M001243

Source: Congress.gov · FEC

Cosponsors (1)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Read twice and referred to the Committee on Finance.

2026-07-30

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The legislation would change tax rules for certain bonds that help finance public facilities like airports, docks, and water systems. These bonds currently allow investors to earn interest without paying federal income taxes, and the bill would adjust how these tax-exempt bonds can be used and what projects qualify for this special treatment. The changes would affect state and local governments that issue these bonds to fund infrastructure projects, as well as investors who buy them.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

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