REPAIR Act
Latest action · Apr 29, 2021 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.
- IntroducedApr 28, 2021
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Apr 28, 2021.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-OH | Anthony Gonzalez | Original | Apr 28, 2021 |
Actions 6
Everything that happened, newest first.
- Apr 29, 2021Referred to the Subcommittee on Coast Guard and Maritime Transportation.
- Apr 29, 2021Referred to the Subcommittee on Highways and Transit.
- Apr 29, 2021Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
- Apr 29, 2021Referred to the Subcommittee on Water Resources and Environment.
- Apr 28, 2021Introduced in House
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1499 | REPAIR Act | Identical bill | Apr 29, 2021 |
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
- 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
- Transportation and Public Works
- Transportation programs funding
- Water quality
- Water resources funding
- Water use and supply
Text 1
Each version as it was printed, newest first.
- Apr 28, 2021Introduced 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.