H.R. 2348 · 115th Congress
American Infrastructure Opportunity Bonds Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
TorresSponsorNo cosponsors.
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:
What it does: CRS summary · 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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: American Infrastructure Opportunity Bonds Act
Latest action (May 3, 2017): Referred to the House Committee on Ways and Means.
Policy area: Transportation and Public Works · Origin: House · Introduced: May 3, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.