3.0.0 1168 2023-01-11T13:36:26Z 2023-01-11T13:36:26Z Senate S 2017-05-17 115 ssfi00 Finance Committee Senate Standing Referred to 2017-05-17T20:34:35Z 2017-05-17 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2017-05-17 Introduced in Senate IntroReferral 10000 9 Library of Congress W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. N B000575 Sen. Blunt, Roy [R-MO] Roy Blunt R MO 2017-05-17 True G000555 Sen. Gillibrand, Kirsten E. [D-NY] Kirsten Gillibrand D NY E. 2017-05-17 True G000359 Sen. Graham, Lindsey [R-SC] Lindsey Graham R SC 2017-05-17 True C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2017-05-17 True H001041 Sen. Heller, Dean [R-NV] Dean Heller R NV 2017-05-17 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2017-05-17 True T000476 Sen. Tillis, Thomas [R-NC] Thomas Tillis R NC Roland 2017-05-17 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2017-05-17 True C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2018-01-19 False 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 programs funding Water quality Water resources funding Water use and supply Transportation and Public Works 00 2017-05-17 Introduced in Senate 2017-11-06T21:20:42Z Building and Renewing Infrastructure for Development and Growth in Employment Act or the BRIDGE Act

This bill establishes the Infrastructure Financing Authority (IFA) as a wholly-owned government corporation to provide direct loans and loan guarantees to eligible entities to facilitate the construction, consolidation, alteration, or repair of transportation, water, and energy infrastructure projects. Such projects shall have costs reasonably anticipated to equal or exceed $50 million ($10 million for rural infrastructure projects).

The bill establishes an Office of Technical and Rural Assistance and an Office of Special Inspector General for the IFA.

The bill prohibits IFA financing of a project if:

  • it is private or does not create a public benefit, or
  • the loan applicant is unable to demonstrate a sufficient revenue stream.

The bill establishes within the IFA the Project Delivery Task Force to establish and coordinate a permitting timetable for the environmental review of a project.

The Chief Executive Officer of the IFA shall:

  • establish fees with respect to loans and loan guarantees that are sufficient to cover the IFA's administrative costs; and
  • take actions to make the IFA a self-sustaining entity, with administrative and federal credit subsidy costs fully funded by fees and risk premiums on loans and loan guarantees.

The bill amends the Internal Revenue Code to increase from $15 billion to $16 billion the aggregate amount of proceeds from tax-exempt facility bonds that the Department of Transportation shall allocate among qualified highway or surface freight transfer facilities.

]]> BRIDGE Act Display Title BRIDGE Act Official Title as Introduced A bill to facilitate efficient investments and financing of infrastructure projects and new, long-term job creation through the establishment of an Infrastructure Financing Authority, and for other purposes. Introduced in Senate IS Short Titles as Introduced BRIDGE Act Short Titles as Introduced Building and Renewing Infrastructure for Development and Growth in Employment Act Introduced in Senate 2017-05-17T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1168is/xml/BILLS-115s1168is.xml 2017-05-17 Read twice and referred to the Committee on Finance. 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.