3.0.0 1535 2022-11-01T05:32:24Z 2022-11-01T05:32:24Z Senate S 2019-05-16 116 ssfi00 Finance Committee Senate Standing Referred to 2019-05-16T20:55:53Z 2019-05-16 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2019-05-16 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 2019-05-16 True C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2019-05-16 True G000359 Sen. Graham, Lindsey [R-SC] Lindsey Graham R SC 2019-05-16 True K000367 Sen. Klobuchar, Amy [D-MN] Amy Klobuchar D MN 2019-05-16 True C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2019-05-16 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2019-05-16 True B001310 Sen. Braun, Mike [R-IN] Mike Braun R IN 2019-05-16 True 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 2019-05-16 Introduced in Senate 2019-12-04T17:33:37Z 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.


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REPAIR Act Display Title REPAIR Act Short Title(s) as Introduced REPAIR Act Introduced in Senate IS Short Title(s) as Introduced Reinventing Economic Partnerships And Infrastructure Redevelopment Act Introduced in Senate IS 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 Introduced in Senate 2019-05-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s1535is/xml/BILLS-116s1535is.xml 2019-05-16 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.