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S 1250 113th 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 31, 2013 Introduced by: Wyden, Ron Democratic · Oregon See on congress.gov
Taxation Government trust fundsIncome tax creditsInfrastructure developmentIntergovernmental relations
More subjectsShow fewer subjects
Marine and inland water transportationNavigation, waterways, harborsPublic transitRailroadsRoads and highwaysSecuritiesState and local financeTransportation programs funding
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Jun 27, 2013
Read twice and referred to the Committee on Finance.
Jun 27, 2013
Introduced in Senate
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 Latest action June 27, 2013

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Transportation and Regional Infrastructure Project Bonds Act of 2013 or TRIP Bonds Act - Amends the Internal Revenue Code to allow an income tax credit for any TRIP bond issued by or for the benefit of 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 (including one or more subaccounts).

Defines "qualified project" as a capital transportation infrastructure project (including roads, bridges, rail and transit systems, ports, and inland waterways) proposed and approved by a state infrastructure bank, as well as any flood damage risk reduction project with a completed Report of the Chief of Engineers of the Army Corps of Engineers.

 Related & companion bills 1
  • HR 2534 Identical bill TRIP Bonds Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Klobuchar, Amy
Minnesota · Jul 31, 2013
 R
Hoeven, John
North Dakota · Jun 27, 2013
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1250: TRIP Bonds Act. 113th Congress. Open America. https://openamerica.io/bill/113-S-1250/
MLA
"S. 1250: TRIP Bonds Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-1250/.
Bluebook (legal)
S. 1250, 113th Cong. (2026), https://openamerica.io/bill/113-S-1250/.
Markdown link
[S. 1250: TRIP Bonds Act](https://openamerica.io/bill/113-S-1250/)
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