House Bill 2348
115th Congress(2017-2018)
American Infrastructure Opportunity Bonds Act
Introduced
Introduced in House on May 3, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2348
Congress
115
Policy Area
Transportation and Public Works
Transportation and Public Works
Primary focus of measure is all aspects of transportation modes and conveyances, including funding and safety matters; Coast Guard; infrastructure development; travel and tourism. Measures concerning water resources and navigation projects may fall under Water Resources Development policy area.
No House votes have been held for this 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.
May 3, 2017
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05/03/2017
Referred to the House Committee on Ways and Means.
05/03/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:36:49 PM