REPAIR Act

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.

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Timeline

1. 28 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

2. 28 April 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 April 2021

   Introduced

   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.

   Source: IntroReferral

4. 29 April 2021

   Referred

   Referred to the Subcommittee on Coast Guard and Maritime Transportation.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 April 2021 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 April 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 April 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 April 2021

  Open at official source

Sponsors

• Scott Peters · D · Sponsor
• Anthony Gonzalez · R · Sponsor
• · hspw00 · Standing
• · hsbu00 · Standing
• · hswm00 · Standing

Related records

• related to ← REPAIR Act