summary
Introduced
05/03/2017
05/03/2017
In Committee
05/03/2017
05/03/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill 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.
AI Summary
This bill, the American Infrastructure Opportunity Bonds Act, directs the Department of the Treasury to issue government bonds (called "American Infrastructure Opportunity Bonds") with a face value of $20 billion when the "real rate" (the interest rate on outstanding U.S. obligations minus the inflation rate) is zero percent or less. The proceeds from these bond issuances would then be deposited into the Highway Trust Fund, with 20% of the funds going to the Mass Transit Account. The purpose of this bill is to provide additional funding for infrastructure projects during periods of low interest rates.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 05/03/2017)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/115th-congress/house-bill/2348/all-info |
| BillText | https://www.congress.gov/115/bills/hr2348/BILLS-115hr2348ih.pdf |
| Bill | https://www.congress.gov/115/bills/hr2348/BILLS-115hr2348ih.pdf.pdf |
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