REPAIR Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Apr 28, 2021)
Reinventing Economic Partnerships And Infrastructure Redevelopment Act or the REPAIR Act
This bill addresses the financing of infrastructure projects through the establishment of the Infrastructure Financing Authority (IFA) and increases the national limitation on the amount of tax-exempt highway or surface freight transfer facility bonds.
Specifically, the bill
- directs the IFA to provide direct loans and loan guarantees to facilitate certain infrastructure projects that are economically viable, in the public interest, and of regional or national significance, including the construction, consolidation, alteration, or repair of airports and air traffic control systems, highway facilities, and transmission or distribution pipelines;
- sets forth terms and limitations on direct loans and loan guarantees;
- establishes a funding mechanism to make the IFA a self-sustaining entity, including through fees and risk premiums on loans and loan guarantees; and
- increases from $15 billion to $16 billion the national limitation on the amount of tax-exempt highway or surface freight transfer facility bonds.
What just happenedApr 29, 2021
Referred to the Subcommittee on Water Resources and Environment.
Who’s behind it
- Introduced in HouseApr 28, 2021
- Apr 29, 2021Committee
Referred to the Subcommittee on Water Resources and Environment.
Water Resources and Environment Subcommittee - Apr 29, 2021Committee
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Railroads, Pipelines, and Hazardous Materials Subcommittee - Apr 29, 2021Committee
Referred to the Subcommittee on Highways and Transit.
Highways and Transit Subcommittee - Apr 29, 2021Committee
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Coast Guard and Maritime Transportation Subcommittee - Apr 28, 2021IntroReferralH11100
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Ways and Means, and the Budget, 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.
Budget Committee - Apr 28, 2021IntroReferralH11100
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Ways and Means, and the Budget, 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.
Ways and Means Committee - Apr 28, 2021IntroReferralH11100
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Ways and Means, and the Budget, 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.
Transportation and Infrastructure Committee - Apr 28, 2021IntroReferralIntro-H
Introduced in House
- Apr 28, 2021IntroReferral1000
Introduced in House