American Infrastructure Investment Fund Act of 2011
Latest action · May 10, 2011 Read twice and referred to the Committee on Commerce, Science, and Transportation.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 10, 2011
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
American Infrastructure Investment Fund Act of 2011 - Establishes the American Infrastructure Investment Fund in the Department of Transportation (DOT) to: (1) invest in infrastructure projects that increase or otherwise improve U.S. economic output, productivity, or competitive commercial advantage; (2) provide funding for projects that face significant funding barriers because of the need to combine resources across multiple jurisdictions or modes of transportation; and (3) improve the efficiency or throughput, the safety, and the environmental sustainability of a national or regional transportation network.
Requires the Fund to publish: (1) a detailed description of its strategy in an Investment Prospectus, and (2) its Operating Guidance for the Fund's management.
Requires the President to appoint the Fund's Executive Director, by and with the advice and consent of the Senate, as well as a Fund Advisory Committee.
Authorizes the Fund to provide direct loans and loan guarantees to eligible recipients for activities related to the planning, preparation, or design of an eligible project proposal.
Directs the Secretary of Transportation to establish: (1) a competitive national infrastructure investment grant program, and (2) an oversight program to monitor the effective and efficient use of funds authorized under this Act.
Sets forth the federal share of net project costs at 80%.
Cosponsors 2
Members who signed on, in the order they did. Signatures ran from May 10, 2011 to Oct 31, 2011, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NJ | Frank R. Lautenberg | Original | May 10, 2011 |
| D-FL | Bill Nelson | Oct 31, 2011 |
Actions 2
Everything that happened, newest first.
- May 10, 2011Introduced in Senate
- May 10, 2011Read twice and referred to the Committee on Commerce, Science, and Transportation.
Subjects
Assigned by the Library of Congress. Policy area: Economics and Public Finance.
- Advisory bodies
- Air quality
- Aviation and airports
- Climate change and greenhouse gases
- Competitiveness, trade promotion, trade deficits
- Department of Transportation
- Economics and Public Finance
- Energy efficiency and conservation
- Environmental assessment, monitoring, research
- Executive agency funding and structure
- Government lending and loan guarantees
- Infrastructure development
- Marine and inland water transportation
- Navigation, waterways, harbors
- Pipelines
- Public transit
- Railroads
- Roads and highways
- Rural conditions and development
- Transportation programs funding
- Water quality
Text 1
Each version as it was printed, newest first.
- May 10, 2011Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.