S 1535
116th Congress
Senate
Transportation and Public Works
Aviation and airports
Dams and canals
Electric power generation and transmission
Energy storage, supplies, demand
Environmental assessment, monitoring, research
Government corporations and government-sponsored enterprises
Government lending and loan guarantees
Income tax exclusion
Infrastructure development
Licensing and registrations
Marine and inland water transportation
Navigation, waterways, harbors
Public transit
Public-private cooperation
Railroads
Roads and highways
Rural conditions and development
Securities
State and local finance
REPAIR Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 16, 2019
Read twice and referred to the Committee on Finance.
May 16, 2019
Introduced in Senate
Plain-English summary
Reinventing Economic Partnerships And Infrastructure Redevelopment Act or the REPAIR Act
This bill 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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1