Bill
Bill > S638
summary
Introduced
03/09/2021
03/09/2021
In Committee
03/09/2021
03/09/2021
Crossed Over
Passed
Dead
01/03/2023
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, the Promoting Infrastructure by Protecting Our Subcontractors and Taxpayers Act, amends Title 23 of the United States Code to require payment and performance security for projects receiving assistance under the Transportation Infrastructure Finance and Innovation Act (TIFIA) program, regardless of whether the obligor is a state, local government, or private party. The Secretary of Transportation must ensure appropriate payment and performance security, and can accept existing security requirements if they adequately protect federal interests. If no determination or applicable requirements exist, the security required under Section 3131(b) of Title 40 shall be required. The amendments apply to contracts entered into on or after the date of enactment.
Committee Categories
Agriculture and Natural Resources
Sponsors (5)
Last Action
Read twice and referred to the Committee on Environment and Public Works. (on 03/09/2021)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/senate-bill/638/all-info |
| BillText | https://www.congress.gov/117/bills/s638/BILLS-117s638is.pdf |
| Bill | https://www.congress.gov/117/bills/s638/BILLS-117s638is.pdf.pdf |
Loading...