# 114-hr-6048: HBCU Investment Expansion Act

114-hr-6048, HBCU Investment Expansion Act, is a 114th Congress bill sponsored by Rep. Ellison, Keith [D-MN-5] (D-MN); status Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-6048
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-6048
- Congress: 114
- Title: HBCU Investment Expansion Act
- Status: Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced: 2016-09-15
- Sponsor: Rep. Ellison, Keith [D-MN-5] (D-MN)
- Cosponsors: 6
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

HBCU Investment Expansion Act This bill amends the Securities Act of 1933 to exempt qualified 501(c)(3) bonds issued after the enactment of this bill on behalf of a historically black college or university from state and local taxes. The bill also amends the Internal Revenue Code to allow a tax credit for jurisdictions that forgo taxes with respect to the interest payments under such a bond. The credit is equal to the total amount of interest paid on such a bond during the taxable year. The Department of the Treasury must pay the credit to the qualifying jurisdiction as soon as practicable after the recipient of the interest payments files a tax return with the jurisdiction.

## Cosponsors (6)

- Rep. Scott, Robert C. "Bobby" [D-VA-3] (D-VA), 2016-09-15T00:00:00.000Z
- Rep. Waters, Maxine [D-CA-43] (D-CA), 2016-09-15T00:00:00.000Z
- Rep. Lee, Barbara [D-CA-12] (D-CA), 2016-09-15T00:00:00.000Z
- Rep. Adams, Alma S. [D-NC-12] (D-NC), 2016-09-15T00:00:00.000Z
- Rep. Payne, Donald M., Jr. [D-NJ-10] (D-NJ), 2016-11-15T00:00:00.000Z
- JOHN CONYERS (D-MI), 2016-11-15T00:00:00.000Z

## Related bills

- 114-hr-5930: Commission on the Social Status of Black Men and Boys Act
- 114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika virus.
- 114-hr-5025: 2016 Tax Day Floods Supplemental Funding Act
- 114-hr-4879: TEST for Lead Act
- 114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act
- 114-hr-4479: Families of Flint Act

## Sources
- [114-hr-6048 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/6048)

## Related
- [114-hr-5930: Commission on the Social Status of Black Men and Boys Act](https://policyrisk.com/legislation/114-hr-5930)
- [114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika viru…](https://policyrisk.com/legislation/114-hr-5044)
- [114-hr-5025: 2016 Tax Day Floods Supplemental Funding Act](https://policyrisk.com/legislation/114-hr-5025)
- [114-hr-4879: TEST for Lead Act](https://policyrisk.com/legislation/114-hr-4879)
- [114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-4592)
- [114-hr-4479: Families of Flint Act](https://policyrisk.com/legislation/114-hr-4479)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-6048 (as of 2025-11-18).