S 1499 117th 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

Introduced: April 29, 2021 Introduced by: Warner, Mark R. Democratic · Virginia See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Apr 29, 2021

Read twice and referred to the Committee on Finance.

Apr 29, 2021

Introduced in Senate

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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 financing for highway or surface freight transfer facilities.

What's happening now April 29, 2021

Read twice and referred to the Committee on Finance.

Related & companion bills 1

Bill text 1 version