H.R. 2348
Referred to CommitteeAmerican Infrastructure Opportunity Bonds Act
Introduced 5/3/2017•115th Congress•House
Latest Action
Referred to the House Committee on Ways and Means.
5/3/2017 • House
Summary
American Infrastructure Opportunity Bonds Act
This bill directs the Department of the Treasury, when the real rate (the interest rate on outstanding marketable U.S. obligations with remaining maturity periods of approximately one year minus the inflation rate) equals zero percent or less, to:
- issue government bonds (American Infrastructure Opportunity Bonds) with a face value of $20 billion; and
- deposit amounts equivalent to the proceeds from such issuance into the Highway Trust Fund (HTF), of which 20% shall be deposited into the Mass Transit Account.
Introduced in House • 5/3/2017
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Topics & Subjects
Policy Area: Transportation and Public Works
Government trust fundsInfrastructure developmentPublic transitRoads and highwaysSecuritiesTransportation programs funding
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Related Federal Spending
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Bill Journey
Originated in the House
Introduced
May 3, 2017
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in House5/3/2017