# 119-hr-8864: LIFT Act

119-hr-8864, LIFT Act, is a 119th Congress bill sponsored by Rep. Sewell, Terri A. [D-AL-7] (D-AL); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8864
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8864
- Congress: 119
- Title: LIFT Act
- Status: introduced
- Introduced: 2026-05-15
- Sponsor: Rep. Sewell, Terri A. [D-AL-7] (D-AL)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**A refundable credit for American infrastructure bonds** would try to mobilize private capital by subsidizing interest payments to issuers for federal and local infrastructure projects. It pairs a new subsidized bond structure with tighter refunding rules and project standards. - Issuers would receive a refundable credit paid with each interest payment, subject to a cap set using a baseline interest rate fixed at the first binding sale contract. Interest on these bonds would be includible in investors' gross income. - Projects financed with these bonds must use proceeds for capital or related operations and maintenance and must follow Davis–Bacon prevailing wage rules. - The bill raises the small issuer exception for bank interest allocation from $10 million to $30 million and indexes the threshold after 2026, and it creates special rules to treat certain 501(c)(3) financings as exempt issuances.

## Provisions PRIA read

- Higher small-issuer threshold for bonds: benefit, medium. If enacted, the bill would raise the small-issuer exception for certain bond rules from $10,000,000 to $30,000,000 for obligations issued after enactment. For calendar years after 2026, the $30,000,000 amount would be increased each year for inflation and rounded to the nearest $100,000. This chang…
- Easier bond rules for 501(c)(3) nonprofits: benefit, low. The bill would treat a qualified 501(c)(3) bond as if the nonprofit beneficiary were the issuer for certain small‑issuer and allocation rules. For qualified financing issues, each qualifying portion could be treated as a separate issue issued by the borrower. These rules would apply to obligations…
- Refundable bond credit for local issuers: mixed, high. This bill would create a refundable interest credit for new “American infrastructure bonds” issued more than 30 days after enactment. The Treasury would pay a portion of each interest payment: 42% for bonds issued in 2026–2030, 38% in 2031, 34% in 2032, and 30% in 2033 and later (certain qualifying…
- New limits on advance bond refundings: mixed, medium. If enacted, the bill would change when a refunding bond counts as an advance refunding and which bonds qualify. It would allow some private activity refundings (except certain 501(c)(3) bonds) but limit the number of advance refundings based on the original issue date, add redemption timing and inv…

## Related bills

- 119-hr-6900: American Affordability Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-5349: TAS Act
- 119-hr-7481: Department of Homeland Security Appropriations Act, 2026
- 119-hr-7973: Momnibus Act
- 119-hr-3971: Domestic Workers Bill of Rights Act

## Sources
- [119-hr-8864 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8864)

## Related
- [119-hr-6900: American Affordability Act of 2025](https://policyrisk.com/legislation/119-hr-6900)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-5349: TAS Act](https://policyrisk.com/legislation/119-hr-5349)
- [119-hr-7481: Department of Homeland Security Appropriations Act, 2026](https://policyrisk.com/legislation/119-hr-7481)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-3971: Domestic Workers Bill of Rights Act](https://policyrisk.com/legislation/119-hr-3971)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8864 (as of 2026-09-21).