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S 1436 112th Congress Senate

TRIP Bonds Act

Official title: A bill to provide $50,000,000,000 in new transportation infrastructure funding through bonding to empower States and local governments to complete significant … Show full official titleShow less

Official title: A bill to provide $50,000,000,000 in new transportation infrastructure funding through bonding to empower States and local governments to complete significant infrastructure projects across all modes of transportation, including roads, bridges, rail and transit systems, ports, and inland waterways, and for other purposes.

Introduced: July 28, 2011 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
Taxation Customs enforcementGovernment trust fundsIncome tax creditsInfrastructure development
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Intergovernmental relationsMarine and inland water transportationNavigation, waterways, harborsPublic transitRailroadsRoads and highwaysSecuritiesState and local financeTransportation programs fundingUser charges and fees
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 28, 2011
Read twice and referred to the Committee on Finance.
Jul 28, 2011
Introduced in Senate
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 Latest action July 28, 2011

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Transportation and Regional Infrastructure Project Bonds Act of 2011 or TRIP Bonds Act - Amends the Internal Revenue Code to allow an income tax credit for any TRIP bond issued by a state infrastructure bank as part of an issue, if 100% of the available project proceeds from such issue are to be used for expenditures incurred for one or more qualified projects. Requires proceeds from the sale of bonds issued under this Act to be held in a TRIP Bonds Trust Account.

Defines "qualified project" as the capital improvements to any transportation infrastructure project (including roads, bridges, rail and transit systems, ports, and inland waterways) proposed and approved by a state infrastructure bank.

Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs fees for the processing of merchandise entered into the United States through specified dates in 2048.

 Related & companion bills 1
  • HR 3736 Related bill TRIP Bonds Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Hoeven, John
North Dakota · Jul 28, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1436: TRIP Bonds Act. 112th Congress. Open America. https://openamerica.io/bill/112-S-1436/
MLA
"S. 1436: TRIP Bonds Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-S-1436/.
Bluebook (legal)
S. 1436, 112th Cong. (2026), https://openamerica.io/bill/112-S-1436/.
Markdown link
[S. 1436: TRIP Bonds Act](https://openamerica.io/bill/112-S-1436/)
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