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HR 4081 114th Congress House Transportation and Public Works Government lending and loan guarantees Government trust funds Infrastructure development Roads and highways Securities Transportation programs funding User charges and fees

TIFIA 2.0 Act

Introduced: November 19, 2015 Introduced by: Webster, Daniel Republican · Florida See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 20, 2015
Referred to the Subcommittee on Highways and Transit.
Nov 19, 2015
Referred to the House Committee on Transportation and Infrastructure.
Nov 19, 2015
Introduced in House
 Plain-English summary Congressional Research Service

TIFIA 2.0 Act

This bill amends the Transportation Infrastructure Finance and Innovation Act (TIFIA) to revise the Department of Transportation (DOT) TIFIA program of direct loans, loan guarantees, and credit for surface transportation projects.

A TIFIA Revolving Fund is established in the Treasury.

A set-aside of up to 10% of Fund amounts is required for rural infrastructure projects (as similarly required in current funding law).

The DOT is directed to transfer from the Fund to the general fund of the Treasury amounts equal to moneys deposited in the Fund as a result of the repayment of principal and interest on direct loans for transportation infrastructure projects before enactment of this Act.

Project eligibility requirements are revised.

What's happening now November 20, 2015

Referred to the Subcommittee on Highways and Transit.

 Committees of jurisdiction 2