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Bill > HR1641


US HR1641

US HR1641
Promoting Infrastructure by Protecting Our Subcontractors and Taxpayers Act


summary

Introduced
03/08/2021
In Committee
03/09/2021
Crossed Over
Passed
Dead
01/03/2023

Introduced Session

117th Congress

Bill Summary

A BILL To amend title 23, United States Code, to include a payment and performance security requirement for certain infra- structure financing, and for other purposes.

AI Summary

This bill amends Title 23 of the United States Code to require payment and performance security for infrastructure projects receiving assistance under the Transportation Infrastructure Finance and Innovation Act (TIFIA) program. Specifically, the bill mandates that the Secretary of Transportation ensure appropriate payment and performance security for TIFIA-assisted projects, regardless of whether the project sponsor is a state, local government, or private party. If no applicable security requirements exist, the bill requires the standard payment and performance security under Section 3131(b) of Title 40. The amendments apply to contracts entered into on or after the date of the bill's enactment.

Committee Categories

Transportation and Infrastructure

Sponsors (12)

Last Action

Referred to the Subcommittee on Highways and Transit. (on 03/09/2021)

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