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HR 2895 117th Congress House 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

Introduced: April 28, 2021 Introduced by: Peters, Scott H. Democratic · California See on congress.gov
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 Everywhere this bill has been 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 29, 2021
Referred to the Subcommittee on Water Resources and Environment.
Apr 29, 2021
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Apr 29, 2021
Referred to the Subcommittee on Highways and Transit.
Apr 29, 2021
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Apr 28, 2021
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Ways and Means, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 28, 2021
Introduced in House
 Plain-English summary Congressional Research Service

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 April 29, 2021

Referred to the Subcommittee on Water Resources and Environment.

 Committees of jurisdiction 7