TITLE I—LOW CARBON 
CORRIDORS 
SEC. 2. LOW CARBON CORRIDOR GRANT PROGRAM. 
(a) LOW CARBON CORRIDOR DEFINED.—In this sec-
tion, the term ‘‘low carbon corridor’’ means a connected 
systems-management corridor that connects different 
methods of transportation, including public transportation 
systems, rail transportation, roadways, and alternative 
methods of transportation. 
(b) ESTABLISHMENT.—The Secretary of Transpor-
tation shall establish a program to provide grants to eligi-
ble entities to carry out projects to develop low carbon cor-
ridors. The purpose of such projects shall be to— 
(1) lower carbon emissions along the corridor; 
(2) increase transportation inter-connectivity; 
and 
(3) increase transportation infrastructure rein-
vestment. 
(c) ELIGIBLE ENTITIES.—The Secretary may award 
grants under the program to a State, local, or tribal gov-
ernment, or a subdivision thereof, or a metropolitan plan-
ning organization. 
(d) ELIGIBLE USES.—Funds provided under this sec-
tion may be used to incorporate low carbon and invest-
ment mechanisms into low carbon corridors, including— 
VerDate Sep 11 2014 
16:39 Nov 15, 2021
Jkt 029200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H5896.IH
H5896
pamtmann on DSKBC07HB2PROD with BILLS
(1) high occupancy vehicle lanes; 
(2) value capture; 
(3) transit-oriented development and high-den-
sity development; 
(4) carbon fees; 
(5) automated vehicle or electric vehicle lanes 
that are timed and connected to a transit system; 
(6) Smart Cities connectivity and innovation; 
(7) high-speed rail; and 
(8) facilities for alternative modes of transpor-
tation, including pedestrian and bicycle facilities. 
(e) LABOR REQUIREMENTS.— 
(1) IN GENERAL.—A project carried out with a 
grant under the program shall be subject to the pro-
visions of each of the following: 
(A) Subchapter IV of chapter 31 of title 
40 (commonly known as the ‘‘Davis-Bacon 
Act’’). 
(B) Chapter 65 of title 41, United States 
Code (commonly known as the ‘‘Walsh-Healy 
Act’’). 
(C) Chapter 67 of title 41, United States 
Code (commonly known as the ‘‘McNamara- 
O’Hara Service Contract Act of 1965’’). 
VerDate Sep 11 2014 
16:39 Nov 15, 2021
Jkt 029200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H5896.IH
H5896
pamtmann on DSKBC07HB2PROD with BILLS
(D) Chapter 37 of title 40, United States 
Code (commonly known as the ‘‘Work Hours 
and Safety Standards Act’’). 
(E) Fair Labor Standards Act of 1938 (29 
U.S.C. 201 et seq.). 
(2) AUTHORITIES OF THE SECRETARY.—With 
respect to the labor standards in this subsection, the 
Secretary of Labor shall have the authority and 
functions set forth in Reorganization Plan Num-
bered 14 of 1950 (64 Stat. 1267; 5 U.S.C. App.) 
and section 3145 of title 40, United States Code, as 
applicable. 
(f) STRATEGIC PARTNERSHIPS.—A recipient of a 
grant under the program may enter into strategic partner-
ships with nonprofit organizations or universities to de-
velop plans for low carbon corridors. 
(g) DOT AND EPA BENCHMARKS.—The Secretary 
of Transportation and the Administrator of the Environ-
mental Protection Agency shall jointly monitor how low 
carbon corridors with respect to which grants were pro-
vided under this section reduce carbon emissions and how 
any mechanisms described in subsection (d) incorporated 
into such corridor contribute to carbon emission reduc-
tions. 
(h) USE OF AMERICAN PRODUCTS.— 
VerDate Sep 11 2014 
16:39 Nov 15, 2021
Jkt 029200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6201
E:\BILLS\H5896.IH
H5896
pamtmann on DSKBC07HB2PROD with BILLS
(1) IN GENERAL.—A recipient of funds under 
this section shall ensure that any iron, steel, and 
manufactured products used in projects carried out 
with such funds are produced in the United States. 
(2) WAIVER AUTHORITY.— 
(A) IN
GENERAL.—The Secretary may 
waive the requirement of paragraph (1) if the 
Secretary determines that— 
(i) applying paragraph (1) would be 
inconsistent with the public interest; 
(ii) iron, steel, and manufactured 
products produced in the United States are 
not produced in a sufficient and reasonably 
available amount or are not of a satisfac-
tory quality; or 
(iii) using iron, steel, and manufac-
tured products produced in the United 
States will increase the cost of the overall 
project by more than 25 percent. 
(B) PUBLICATION.—Before issuing a waiv-
er under subparagraph (A), the Secretary shall 
publish in the Federal Register a detailed writ-
ten explanation of the waiver determination. 
(3) 
CONSISTENCY
WITH
INTERNATIONAL 
AGREEMENTS.—This subsection shall be applied in a 
VerDate Sep 11 2014 
16:39 Nov 15, 2021
Jkt 029200
PO 00000
Frm 00005
Fmt 6652
Sfmt 6201
E:\BILLS\H5896.IH
H5896
pamtmann on DSKBC07HB2PROD with BILLS
manner consistent with the obligations of the United 
States under international agreements. 
(4) DEFINITIONS.—In this subsection: 
(A) PRODUCED IN THE UNITED STATES.— 
The term ‘‘produced in the United States’’ 
means the following: 
(i) When used with respect to a man-
ufactured product, the product was manu-
factured in the United States and the cost 
of the components of such product that 
were mined, produced, or manufactured in 
the United States exceeds 60 percent of 
the total cost of all components of the 
product. 
(ii) When used with respect to iron or 
steel products, or an individual component 
of a manufactured product, all manufac-
turing processes for such iron or steel 
products or components, from the initial 
melting stage through the application of 
coatings, occurred in the United States, ex-
cept that the term does not include— 
(I) steel or iron material or prod-
ucts manufactured abroad from semi- 
VerDate Sep 11 2014 
16:39 Nov 15, 2021
Jkt 029200
PO 00000
Frm 00006
Fmt 6652
Sfmt 6201
E:\BILLS\H5896.IH
H5896
pamtmann on DSKBC07HB2PROD with BILLS
finished steel or iron from the United 
States; and 
(II) steel or iron material or 
products manufactured in the United 
States from semi-finished steel or iron 
of foreign origin. 
(B) 
MANUFACTURED
PRODUCT.—The 
term ‘‘manufactured product’’ means any con-
struction material or end product (as such 
terms are defined in part 25.003 of the Federal 
Acquisition Regulation) that is not an iron or 
steel product, including— 
(i) electrical components; and 
(ii) non-ferrous building materials, in-
cluding, aluminum and polyvinylchloride 
(PVC), glass, fiber optics, plastic, wood, 
masonry, rubber, manufactured stone, any 
other non-ferrous metals, and any un-
manufactured construction material. 
TITLE II—VALUE CAPTURE 
SEC. 3. DEFINITIONS. 
In this title: 
(1) AFFORDABLE
TRANSIT-ORIENTED
DEVEL-
OPMENT.—The term ‘‘affordable transit-oriented de-
velopment’’ means development of commercial and 
VerDate Sep 11 2014 
16:39 Nov 15, 2021
Jkt 029200
PO 00000
Frm 00007
Fmt 6652
Sfmt 6201
E:\BILLS\H5896.IH
H5896
pamtmann on DSKBC07HB2PROD with BILLS
(6) LOCAL
GOVERNMENT.—The term ‘‘local 
government’’ means— 
(A) any county, city, town, township, par-
ish, village, or other general purpose political 
subdivision of a State; and 
(B) any combination of political subdivi-
sions or appropriate government entities includ-
ing special assessment districts. 
(7) NOMINATED AREA.—The term ‘‘nominated 
area’’ means an area which is nominated by 1 or 
more local governments and the State or States in 
which it is located for designation under section 7. 
(8) ORIGINAL
ASSESSED
VALUE.—The term 
‘‘original assessed value’’ means the assessed value 
of all taxable real property within a tax increment 
district as of October first of the tax year preceding 
the year in which the tax increment district was es-
tablished by the State or local government. 
(9) 
PUBLIC
TRANSPORTATION.—The 
term 
‘‘public transportation’’ has the meaning given the 
term in section 5302 of title 49, United States Code. 
(10) TAX INCREMENT.—The term ‘‘tax incre-
ment’’ means capital gain taxes assessed by the Fed-
eral Government upon the increased assessed value 
of property in the tax increment district. 
VerDate Sep 11 2014 
16:39 Nov 15, 2021
Jkt 029200
PO 00000
Frm 00009
Fmt 6652
Sfmt 6201
E:\BILLS\H5896.IH
H5896
pamtmann on DSKBC07HB2PROD with BILLS
(11) TAX
INCREMENT
DISTRICT.—The term 
‘‘tax increment district’’ means that area wholly 
within the corporate limits of a municipality that 
has been established and designated in accordance to 
section 7. 
SEC. 4. VALUE CAPTURE POLICY AND PLANNING PRO-
GRAM. 
(a) IN GENERAL.—Chapter 53 of title 49, United 
States Code, is amended by adding at the end the fol-
lowing: 
‘‘§ 5341. Technical assistance and value capture pol-
icy 
‘‘(a) TECHNICAL ASSISTANCE AND POLICY DEVEL-
OPMENT.— 
‘‘(1) TECHNICAL ASSISTANCE.—The Secretary 
may make grants to States and local governments 
to— 
‘‘(A) develop State and local value capture 
mechanisms for long-term funding that promote 
mobility, public transportation, and affordable 
transit-oriented development; 
‘‘(B) improve public transportation and 
mobility for individuals; and 
‘‘(C) develop strategic partnerships that 
lead to greater long-term and robust invest-
VerDate Sep 11 2014 
16:39 Nov 15, 2021
Jkt 029200
PO 00000
Frm 00010
Fmt 6652
Sfmt 6201
E:\BILLS\H5896.IH
H5896
pamtmann on DSKBC07HB2PROD with BILLS
ments in public transportation, mobility, inclu-
sive economic development, and affordable tran-
sit-oriented development. 
‘‘(2) VALUE CAPTURE POLICY.—Not later than 
October 1 of the fiscal year that begins 2 years after 
the date of enactment of this section, the Secretary, 
in collaboration with State departments of transpor-
tation, metropolitan planning organizations, and re-
gional governments, shall establish voluntary value 
capture standards for value capture mechanisms 
that promote greater investments into public trans-
portation and affordable transit-oriented develop-
ment. 
‘‘(3) TECHNICAL ASSISTANCE.—The Secretary, 
through a competitive bid process, may enter into 
contracts, cooperative agreements, and other agree-
ments with nonprofit organizations that have a dem-
onstrated capacity to provide value capture-related 
technical assistance to grant recipients. 
‘‘(b) REPORT.—Not later than 15 months after the 
date of enactment of this section, the Secretary shall cre-
ate a report, and make such report available to the public, 
that contains examples of State and local law and policy 
that provide for value capture that promotes greater in-
VerDate Sep 11 2014 
16:39 Nov 15, 2021
Jkt 029200
PO 00000
Frm 00011
Fmt 6652
Sfmt 6201
E:\BILLS\H5896.IH
H5896
pamtmann on DSKBC07HB2PROD with BILLS
vestment in public transportation and affordable transit- 
oriented development. 
‘‘(c) BEST PRACTICES.—Based on the report re-
quired under subsection (b), the Secretary shall identify 
and disseminate to State departments of transportation, 
the Committee on Banking, Housing, and Urban Affairs, 
Committee on Finance, Committee on Environment and 
Public Works, and the Committee on Appropriations of 
the Senate, and the Committee on Transportation and In-
frastructure, Committee on Ways and Means, and the 
Committee on Appropriations of the House of Representa-
tives examples of best practices where States and local 
governments have adopted value capture mechanisms that 
have successfully provided for greater investment in public 
transportation and affordable transit-oriented develop-
ment. 
‘‘(d) DEFINITIONS.—In this section: 
‘‘(1) VALUE CAPTURE.—The term ‘value cap-
ture’ means collecting from an entity a portion of 
the economic value created by government invest-
ments, activities, and policies that have generated al-
ternative revenue streams, assets, or other financial 
value and repurposing such economic value to assist 
in funding government investments and activities. 
VerDate Sep 11 2014 
16:39 Nov 15, 2021
Jkt 029200
PO 00000
Frm 00012
Fmt 6652
Sfmt 6201
E:\BILLS\H5896.IH
H5896
pamtmann on DSKBC07HB2PROD with BILLS
‘‘(2) AFFORDABLE TRANSIT-ORIENTED DEVEL-
OPMENT.—The term ‘affordable transit-oriented de-
velopment’ means development of commercial and 
residential areas located near public transportation 
stations that promotes affordable housing and af-
fordable commercial space. 
‘‘(3) LOCAL
GOVERNMENT.—The term ‘local 
government’ means— 
‘‘(A) any county, city, town, township, par-
ish, village, or other general purpose political 
subdivision of a State; and 
‘‘(B) any combination of political subdivi-
sions or appropriate government entities includ-
ing special assessment districts. 
‘‘(4) PUBLIC
TRANSPORTATION.—The term 
‘public transportation’ has the meaning given the 
term in section 5302 of title 49, United States 
Code.’’. 
(b) CLERICAL AMENDMENT.—The analysis for chap-
ter 53 of title 49, United States Code, is amended by add-
ing at the end the following: 
‘‘5341. Technical assistance and value capture policy.’’. 
SEC. 5. DESIGNATION OF FEDERAL VALUE CAPTURE TAX 
INCREMENT FINANCING DISTRICTS. 
(a) IN GENERAL.—From among the eligible areas 
nominated for designation under this section, the Sec-
VerDate Sep 11 2014 
16:39 Nov 15, 2021
Jkt 029200
PO 00000
Frm 00013
Fmt 6652
Sfmt 6201
E:\BILLS\H5896.IH
H5896
pamtmann on DSKBC07HB2PROD with BILLS