House Bill 2895
117th Congress(2021-2022)
REPAIR Act
Introduced
Introduced in House on Apr 28, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2895
Congress
117
Policy Area
Transportation and Public Works
Transportation and Public Works
Primary focus of measure is all aspects of transportation modes and conveyances, including funding and safety matters; Coast Guard; infrastructure development; travel and tourism. Measures concerning water resources and navigation projects may fall under Water Resources Development policy area.
No House votes have been held for this bill.
Summary
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.
April 28, 2021
04/29/2021
Referred to the Subcommittee on Water Resources and Environment.
04/29/2021
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
04/29/2021
Referred to the Subcommittee on Highways and Transit.
04/29/2021
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
04/28/2021
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.
04/28/2021
Introduced in House
Public Record
Record Updated
Mar 8, 2023 7:58:10 PM