REPAIR Act

Bill: 117-hr-2895
Sponsor: Rep. Peters, Scott H. [D-CA-52]
Introduced: 2021-04-28 in the House
Policy area: Transportation and Public Works
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
Transportation programs funding
Water quality
Water resources funding
Water use and supply

Summary:
action_date: 2021-04-28
text: 

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.
 
 

 
 


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