To establish a pilot toll credit market place program, and for other purposes.

Summary

This bill directs the Department of Transportation (DOT) to establish a pilot toll credit marketplace program for states, metropolitan planning organizations (MPOs), or local governments to buy and sell toll credits and use the proceeds for highway, transit, and other related projects. States, MPOs, or local governments may not use federal funds to purchase toll credits on the marketplace or use them for more than 10% of its annual apportionment of federal-aid highway funds in a fiscal year. The Federal Highway Administration shall determine how a toll credit marketplace will work. The Railroad Revitalization and Regulatory Reform Act of 1976 is amended to revise railroad rehabilitation and improvement financing program requirements. Toll credits earned shall be eligible as collateral in determining credit risk premium amounts for direct loans or loan guarantees for railroad improvement projects.

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Timeline

1. 30 April 2015

   Introduced

   Referred to the House Committee on Transportation and Infrastructure.

   Source: IntroReferral

2. 30 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 April 2015

   Introduced

   Introduced in House

   Source: IntroReferral

4. 1 May 2015

   Referred

   Referred to the Subcommittee on Highways and Transit.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 April 2015 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 April 2015

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 April 2015

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 April 2015

  Open at official source

Sponsors

• Daniel Lipinski · D · Sponsor
• JOHN DUNCAN · R · Sponsor
• Rescom. Pierluisi, Pedro R. [D-PR-At Large] · D · Cosponsor
• · hspw00 · Standing

Related records

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