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HOUSE 2895117th CongressReferred to the Subcommittee on Water Resources and Environment.

REPAIR Act

Last Action
4/29/2021

Actions

  • 2021-04-29Referred to the Subcommittee on Water Resources and Environment.
  • 2021-04-29Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
  • 2021-04-29Referred to the Subcommittee on Highways and Transit.
  • 2021-04-29Referred to the Subcommittee on Coast Guard and Maritime Transportation.
  • 2021-04-28Referred 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.
  • 2021-04-28Referred 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.
  • 2021-04-28Referred 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.
  • 2021-04-28Introduced in House
  • 2021-04-28Introduced in House

CRS Summary

As of 2021-04-28 (00)

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)

  • Anthony Gonzalez (R-OH)

Subjects

  • 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
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.