S. 1296: Build USA Act

114th Congress · introduced 2015-05-12 · Transportation and Public Works · Latest: Read twice and referred to the Committee on Finance.

federal

Follow this bill, step by step

Where it came from: introduced 2015-05-12 · official record
Who proposed it: Sen. Fischer, Deb [R-NE] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Read twice and referred to the Committee on Finance. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Build USA Act

Plain summary

Build USA Act This bill establishes the American Infrastructure Bank as a wholly owned government corporation. The Bank's Board of Directors has authority, among other operations, to issue public benefit bonds and provide financing to core infrastructure projects from bond proceeds. State governments may enter into minimum three-year remittance agreements with the Bank under which: a state agrees to remit to the Bank at least 60% of the total amount of federal-aid highway activities funds it receives from the federal government in each of the three years, the Board will issue to the state funds from the Bank equal to 90% of the amount the state remitted to the Bank, and the state will use those funds to carry out core infrastructure projects. The Bank may grant a loan to a state or a unit of local government to implement core transportation infrastructure projects. The deduction from gross income under the Internal Revenue Code for temporary dividends received from a controlled foreign corporation (CFC) decreases from 85% to 81.4% of the cash dividends received by a U.S. corporate shareholder from a CFC during the taxable year. Allowance of the deduction applies, if the taxpayer elects it, to the three-taxable year period beginning with: the taxpayer's last taxable year which begins before the enactment of this Act, or the taxpayer's first taxable year which begins during the one-year period beginning on that date of enactment.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Build USA Act

Source: Congressional Research Service summary (Introduced in Senate)

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Fischer, Deb [R-NE] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Sponsor's campaign money: Sen. Fischer, Deb [R-NE] reported raising $976,129 (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Bond: A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in Senate)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114s1296.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/s>

Record fed-us-cong114-s1296 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114