S. 1535 · 116th Congress
REPAIR Act
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
WarnerSponsor7 cosponsors · 3 D, 4 R
7 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Reinventing Economic Partnerships And Infrastructure Redevelopment Act or the REPAIR Act
What it does: CRS summary · Introduced in Senate · May 16, 2019
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: REPAIR Act
Also known as: Reinventing Economic Partnerships And Infrastructure Redevelopment Act
Latest action (May 16, 2019): Read twice and referred to the Committee on Finance.
Policy area: Transportation and Public Works · Origin: Senate · Introduced: May 16, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.