Federal rent or fees do not make the bond federally guaranteed
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70309, Sec. 70309.
Written by .
Federal rent or fees do not make the bond federally guaranteed
The document says “shall not”Who acts: Secretary of the TreasuryHow: statuteSec. 70309 in the PDF
What the document says
“A bond shall not be treated as federally guaranteed merely because of the payment of rent, user fees, or other charges by the United States (or any agency or instrumentality thereof) in exchange for the use of the spaceport”
The section adds a new subparagraph (F) to section 149(b)(3) of the Internal Revenue Code of 1986 so that a bond is not treated as federally guaranteed just because the United States or one of its agencies pays rent, user fees or other charges to use the spaceport.
What the document actually says
“A bond shall not be treated as federally guaranteed merely because of the payment of rent, user fees, or other charges by the United States (or any agency or instrumentality thereof) in exchange for the use of the spaceport”
That sentence, in plain words
A bond does not count as federally backed for one reason alone. That reason is the government paying rent or fees to use the spaceport.
What this is about
A federally backed bond loses its tax break. Federal use of the site would otherwise risk that. This rule removes the risk.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70309, 139 Stat. 201 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“Federal rent or fees do not make the bond federally guaranteed,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70309, Sec. 70309. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70309-federal-guarantee/ (retrieved October 10, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
How to Read This Page
The quotation is the document's own words, exactly as printed, checked against the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
