US Congress Senate Bill 1535 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on May 16 2019 - 25% progression, died in committee
Action: 2019-05-16 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

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.

REPAIR Act Reinventing Economic Partnerships And Infrastructure Redevelopment Act

Sen. Mark Warner [D-VA]	Sen. Roy Blunt [R-MO]	Sen. Christopher Coons [D-DE]	Sen. Lindsey Graham [R-SC]
Sen. Amy Klobuchar [D-MN]	Sen. John Cornyn [R-TX]	Sen. Richard Blumenthal [D-CT]	Sen. Mike Braun [R-IN]

Date	Chamber	Action
2019-05-16	Senate	Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/1535/all-info
Text	https://www.congress.gov/116/bills/s1535/BILLS-116s1535is.pdf