Bill115th CongressFiled May 3, 2017Transportation and Public Works
H.R. 2348
American Infrastructure Opportunity Bonds Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (May 3, 2017)
American Infrastructure Opportunity Bonds Act
This bill directs the Department of the Treasury, when the real rate (the interest rate on outstanding marketable U.S. obligations with remaining maturity periods of approximately one year minus the inflation rate) equals zero percent or less, to:
- issue government bonds (American Infrastructure Opportunity Bonds) with a face value of $20 billion; and
- deposit amounts equivalent to the proceeds from such issuance into the Highway Trust Fund (HTF), of which 20% shall be deposited into the Mass Transit Account.
What just happenedMay 3, 2017
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Torres, Norma J. [D-CA-35](D-CA)Sponsor
1committees3actions2related bills6subjects
- Introduced in HouseMay 3, 2017
- May 3, 2017IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - May 3, 2017IntroReferralIntro-H
Introduced in House
- May 3, 2017IntroReferral1000
Introduced in House