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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
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

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)

Bill Actions

Date Description
Feb. 26, 2013 Read twice and referred to the Committee on Commerce, Science, and Transportation.