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HR 2348 115th Congress House Transportation and Public Works Government trust funds Infrastructure development Public transit Roads and highways Securities Transportation programs funding

American Infrastructure Opportunity Bonds Act

Introduced: May 3, 2017 Introduced by: Torres, Norma J. Democratic · California See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 3, 2017
Referred to the House Committee on Ways and Means.
May 3, 2017
Introduced in House
 Plain-English summary Congressional Research Service

American Infrastructure Opportunity Bonds Act

This bill directs the Department of the Treasury, when the real rate (the interest rate on outstanding marketable U.S. obligations with remaining maturity periods of approximately one year minus the inflation rate) equals zero percent or less, to:

  • issue government bonds (American Infrastructure Opportunity Bonds) with a face value of $20 billion; and
  • deposit amounts equivalent to the proceeds from such issuance into the Highway Trust Fund (HTF), of which 20% shall be deposited into the Mass Transit Account.
What's happening now May 3, 2017

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1