WASHINGTON — Legislation that would extend the Build America Bonds program until April 2013 at gradually reduced subsidy rates was approved by a vote of 246 to 178 in the House yesterday.

The Small Business and Infrastructure Jobs Tax Act of 2010 now advances to the Senate but it is unclear when that chamber will take it up. Senate Finance Committee staff could not be reached for comment.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.