Regional Infrastructure Accelerator Act of 2015
Latest action · May 21, 2015 Referred to the Subcommittee on Water Resources and Environment.
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 20, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Regional Infrastructure Accelerator Act of 2015
This bill authorizes the Department of the Treasury to establish a regional infrastructure accelerator program to provide grants to regional infrastructure accelerators to establish and administer a process for developing the priorities of, and acquiring financing for, covered infrastructure projects.
A "regional infrastructure accelerator" is defined as a multi-jurisdictional organization dedicated to provide technical assistance, financing options, and resources for covered infrastructure projects within the represented jurisdictions. A "covered infrastructure project" is as an infrastructure project sponsored by a state, local, or regional public entity that involves the construction, consolidation, alteration, or repair of rail, bus, or public transportation facilities or equipment, highway facilities (including bridges and tunnels), airports, port or marine facilities and equipment, pipelines, inland waterways, intermodal facilities and equipment, water treatment and solid waste disposal facilities, storm water management systems, dams and levees, and facilities or equipment for energy transmission, distribution, or storage.
From applications received, Treasury shall select five regional infrastructure accelerators from geographically diverse regions to receive initial grants. A regional infrastructure accelerator shall use such a grant to:
- assess regional approaches to advancing innovative investment in covered infrastructure projects;
- develop strategies for transparency in the analysis of such projects to ensure protection of the public interest, for the bundling of smaller scale and rural projects into a larger transaction for investment, and for reducing transaction costs;
- facilitate the creation of a catalog of covered infrastructure projects available for investment; and
- analyze and apply project procurement methods.
Treasury shall review reports submitted by such accelerators and select four of them to receive subsequent grants. A selected accelerator may use such subsequent grant to make subgrants to public entities for covered infrastructure predevelopment costs, which may include project planning, feasibility studies, economic assessments, cost-benefit analyses, public benefit studies, design and engineering, financial planning, permitting, environmental review, assessment of the impacts on the area, workforce and wages and benefits, assessment of infrastructure vulnerability and resilience to the impacts of climate change and other risks, and public outreach and community engagement.
Cosponsors 2
Members who signed on, in the order they did. All signed on May 20, 2015.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-IL | Cheri Bustos | Original | May 20, 2015 |
| D-CA | Grace F. Napolitano | Original | May 20, 2015 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Transportation and Infrastructure Committee | Referred May 20, 2015 |
| Aviation Subcommittee | Referred May 21, 2015 | |
| Coast Guard and Maritime Transportation Subcommittee | Referred May 21, 2015 | |
| Highways and Transit Subcommittee | Referred May 21, 2015 | |
| Railroads, Pipelines, and Hazardous Materials Subcommittee | Referred May 21, 2015 | |
| Water Resources and Environment Subcommittee | Referred May 21, 2015 |
Actions 7
Everything that happened, newest first.
- May 21, 2015Referred to the Subcommittee on Aviation.
- May 21, 2015Referred to the Subcommittee on Coast Guard and Maritime Transportation.
- May 21, 2015Referred to the Subcommittee on Highways and Transit.
- May 21, 2015Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
- May 21, 2015Referred to the Subcommittee on Water Resources and Environment.
- May 20, 2015Introduced in House
- May 20, 2015Referred to the House Committee on Transportation and Infrastructure.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 161, no. 78, May 20, 2015, page H3507.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To establish in the Department of the Treasury an infrastructure accelerator program to facilitate investments in and financing of certain infrastructure projects, and for other purposes.
- Short Titles as Introduced
- Regional Infrastructure Accelerator Act of 2015
Subjects
Assigned by the Library of Congress. Policy area: Transportation and Public Works.
- Aviation and airports
- Dams and canals
- Electric power generation and transmission
- Energy storage, supplies, demand
- Infrastructure development
- Marine and inland water transportation
- Navigation, waterways, harbors
- Pipelines
- Public transit
- Railroads
- Regional and metropolitan planning
- Roads and highways
- Solid waste and recycling
- Transportation and Public Works
- Transportation programs funding
- Water quality
- Water use and supply
Text 1
Each version as it was printed, newest first.
- May 20, 2015Introduced in House
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
