S. 3243: Rebuilding and Renewing Rural America Act of 2016

114th Congress · introduced 2016-07-14 · Taxation · Latest: Read twice and referred to the Committee on Finance.

federal

Follow this bill, step by step

Where it came from: introduced 2016-07-14 · official record
Who proposed it: Sen. Gardner, Cory [R-CO] · 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

Rebuilding and Renewing Rural America Act of 2016

Plain summary

Rebuilding and Renewing Rural America Act of 2016 This bill modifies: (1) tax and regulatory policies that affect certain rural communities, and (2) tax rules that apply to private foundations. The bill amends the Internal Revenue Code, with respect to program-related investments made by private foundations for a charitable purpose, to: modify the definition of and requirements for program-related investments; allow a declaratory judgment remedy to determine whether investments in any entity are program-related investments; expand reporting requirements for for-profit entities that receive program-related investments; and allow public inspection of petitions seeking a determination of program-related investment status and annual information returns. The bill also includes several tax provisions that apply to rural renewal communities, which are low-income communities that: (1) have a population of at least 200 people but not more than 25,000 people, and are not located in a metropolitan area which has a population of 200,000 or more; or (2) are entirely within an Indian reservation. With respect to such communities, the bill: allows tax credits for a portion of the costs of reducing lead, radon, or asbestos hazards in rural commercial structures; expands the new markets tax credit; allows expensing of certain depreciable business assets; reduces payroll taxes; and allows tax-preferred rural renewal community business start-up savings accounts. Reducing Excessive Government in Rural America Act of 2016 Congress must consider legislation to reduce the regulatory cost to rural America by at least 10% over 10 years by repealing certain regulations. The legislation must be considered using expedited legislative procedures specified in the bill.

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

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A “Nay” vote

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What does this mean? (plain words)

Official text

Rebuilding and Renewing Rural America Act of 2016

Source: Congressional Research Service summary (Introduced in Senate)

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

Officials and money

Sponsor: Sen. Gardner, Cory [R-CO] · 0 cosponsors

Cost estimate: No cost estimate published yet.

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).
Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.

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-114s3243.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/s>

Record fed-us-cong114-s3243 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114