S. 1535

Referred to Committee

REPAIR Act

Introduced 5/16/2019•116th Congress•Senate

Congress.gov

Latest Action

Read twice and referred to the Committee on Finance.

5/16/2019 • Senate

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.

Introduced in Senate • 5/16/2019

Enter your district to see how this bill affects your community

Topics & Subjects

Policy Area: Transportation and Public Works

Aviation and airportsDams and canalsElectric power generation and transmissionEnergy storage, supplies, demandEnvironmental assessment, monitoring, researchGovernment corporations and government-sponsored enterprisesGovernment lending and loan guaranteesIncome tax exclusionInfrastructure developmentLicensing and registrationsMarine and inland water transportationNavigation, waterways, harborsPublic transitPublic-private cooperationRailroadsRoads and highwaysRural conditions and developmentSecuritiesState and local finance