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S.387: American Infrastructure Investment Fund Act
About this Bill
|This bill was introduced in the||113th Congress|
|This bill is primarily about||economics and public finance|
|You can||read the bill|
|Sponsor||John D. Rockefeller IV, D-W.Va.|
|Total Cosponsors||1 (All Democrats)|
|Introduced||Feb. 26, 2013|
|Latest Major Action||Feb. 26, 2013|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the Senate
- Bill passed in the Senate
- Bill passed in the House
- Bill signed into law
American Infrastructure Investment Fund Act - Establishes the American Infrastructure Investment Fund in the Department of Transportation (DOT) to: (1) invest in infrastructure projects that increase or otherwise improve U.S. economic output, productivity, or competitive commercial advantage; (2) provide funding for projects that face significant funding barriers because of the need to combine resources across multiple jurisdictions or modes of transportation; and (3) improve the efficiency or throughput, the safety, and the environmental sustainability of a national or regional transportation network.
Requires the Fund to publish: (1) a detailed description of its strategy in an Investment Prospectus, and (2) its Operating Guidance for the Fund's management.
Requires the President to appoint the Fund's Executive Director, by and with the advice and consent of the Senate, as well as a Fund Advisory Committee.
Authorizes the Fund to provide direct loans and l...
(Source: Congressional Research Service)
|Feb. 26, 2013||Read twice and referred to the Committee on Commerce, Science, and Transportation.|