3.0.0 1664 2023-01-11T13:35:33Z 2023-01-11T13:35:33Z House HR 2017-03-22 115 [Congressional Record Volume 163, Number 50 (Wednesday, March 22, 2017)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DeFAZIO:H.R. 1664.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1, Clause 3, and Clause 18 ofthe Constitution.[Page H2349]]]> hspw00 Transportation and Infrastructure Committee House Standing hspw12 Highways and Transit Subcommittee Referred to 2017-03-23T19:10:12Z Referred to 2017-03-22T14:00:11Z hswm00 Ways and Means Committee House Standing Referred to 2017-03-22T14:00:06Z 2017-03-23 hspw12 Highways and Transit Subcommittee 1 House committee actions Referred to the Subcommittee on Highways and Transit. Committee 2017-03-22 Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, 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. IntroReferral H11100 2 House floor actions hspw00 Transportation and Infrastructure Committee 2017-03-22 Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, 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. IntroReferral H11100-A 9 Library of Congress 2017-03-22 Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2017-03-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2017-03-22 Introduced in House IntroReferral 1000 9 Library of Congress D000191 Rep. DeFazio, Peter A. [D-OR-4] PETER DEFAZIO D OR A. 4 N B001269 Rep. Barletta, Lou [R-PA-11] Lou Barletta R PA 11 2017-03-23 False C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2017-03-23 False D000623 Rep. DeSaulnier, Mark [D-CA-11] Mark DeSaulnier D CA 11 2017-03-23 False H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2017-03-23 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2017-03-23 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2017-03-23 False L000560 Rep. Larsen, Rick [D-WA-2] RICK LARSEN D WA 2 2017-03-23 False N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2017-03-23 False N000002 Rep. Nadler, Jerrold [D-NY-10] JERROLD NADLER D NY 10 2017-03-23 False N000127 Rep. Nolan, Richard M. [D-MN-8] RICHARD NOLAN D MN 8 2017-03-23 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2017-03-23 False P000604 Rep. Payne, Donald M., Jr. [D-NJ-10] Donald Payne D NJ M. 10 2017-03-23 False S001165 Rep. Sires, Albio [D-NJ-8] Albio Sires D NJ 8 2017-03-23 False W000808 Rep. Wilson, Frederica S. [D-FL-24] Frederica Wilson D FL S. 24 2017-03-23 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2017-03-29 False C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2017-03-29 False L000579 Rep. Lowenthal, Alan S. [D-CA-47] Alan Lowenthal D CA S. 47 2017-03-29 False W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2017-05-04 False E000296 Rep. Evans, Dwight [D-PA-2] Dwight Evans D PA 2 2017-05-04 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2017-05-04 False B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2017-05-04 False B001296 Rep. Boyle, Brendan F. [D-PA-13] Brendan Boyle D PA F. 13 2017-05-04 False P000607 Rep. Pocan, Mark [D-WI-2] Mark Pocan D WI 2 2017-05-04 False M001166 Rep. McNerney, Jerry [D-CA-9] Jerry McNerney D CA 9 2017-06-22 False D000482 Rep. Doyle, Michael F. [D-PA-14] MIKE DOYLE D PA 14 2017-09-05 False L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 2017-09-07 False M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2017-12-14 False E000297 Rep. Espaillat, Adriano [D-NY-13] Adriano Espaillat D NY 13 2017-12-14 False Taxation Appropriations Congressional oversight Energy efficiency and conservation Government trust funds Inflation and prices Infrastructure development Motor fuels Motor vehicles Public transit Roads and highways Sales and excise taxes Securities Transportation programs funding Transportation safety and security Taxation 00 2017-03-22 Introduced in House 2017-06-21T16:09:56Z Investing in America: A Penny for Progress Act

This bill amends the Internal Revenue Code to require federal taxes on gasoline and diesel fuel or kerosene to be increased annually after 2017 to account for: (1) highway construction costs, and (2) reduced fuel usage due to Corporate Average Fuel Economy (CAFE) standards. The bill exempts kerosene fuels used in aviation from the increases and limits the annual increases to 1.5 cents.

The bill also requires the Department of the Treasury to issue 30-year Invest in America Bonds in specified amounts annually through FY2030. The revenue from the bonds must be transferred to the Highway Trust Fund (HTF), with 80% allocated to the Highway Account and 20% allocated to the Mass Transit Account. The bill specifies requirements for allocating the additional funding from the HTF.

Treasury must repay the bonds using the revenues that are attributable to the increased taxes required by this bill. After all of the bonds have been redeemed, additional revenues attributable to the increases must be transferred to the HTF.

The bill also modifies Department of Transportation reporting requirements regarding: (1) infrastructure investment needs, and (2) public transportation investment needs.

The bill amends the Fixing America's Surface Transportation Act (FAST Act) to repeal a rescission of certain unobligated federal-aid highway funds apportioned among the states.

]]> Investing in America: A Penny for Progress Act Display Title Investing in America: A Penny for Progress Act Official Title as Introduced To amend the Internal Revenue Code of 1986 to index the gas and diesel tax and rebuild our roads, bridges, and transit systems. Introduced in House IH Short Titles as Introduced Investing in America: A Penny for Progress Act Introduced in House 2017-03-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115hr1664ih/xml/BILLS-115hr1664ih.xml 2017-03-23 Referred to the Subcommittee on Highways and Transit. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.