S. 1436 (112th): Transportation and Regional Infrastructure Project Bonds Act of 2011

Introduced:
Jul 28, 2011 (112th Congress, 2011–2013)
Sponsor:
Sen. Ron Wyden [D-OR]
Status:
Died (Referred to Committee)
See Instead:

H.R. 3736 (same title)
Referred to Committee — Dec 19, 2011

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

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Status

This bill was introduced on July 28, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 28, 2011
Referred to Committee Jul 28, 2011
Cosponsors
2 cosponsors (1R, 1D) (show)
Committees

Senate Finance

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to provide $50,000,000,000 in new transportation infrastructure funding through bonding to empower States and local governments to complete significant infrastructure projects across all modes of transportation, including roads, bridges, rail and transit systems, ports, and inland waterways, and for other purposes.

Summary

No summaries available.

Text

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Last updated Jul 28, 2011.
14 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

7/28/2011--Introduced.
Transportation and Regional Infrastructure Project Bonds Act of 2011 or TRIP Bonds Act - Amends the Internal Revenue Code to allow an income tax credit for any TRIP bond issued by a state infrastructure bank as part of an issue, if 100% of the available project proceeds from such issue are to be used for expenditures incurred for one or more qualified projects.
Requires proceeds from the sale of bonds issued under this Act to be held in a TRIP Bonds Trust Account. Defines "qualified project" as the capital improvements to any transportation infrastructure project (including roads, bridges, rail and transit systems, ports, and inland waterways) proposed and approved by a state infrastructure bank.
Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to extend certain customs fees for the processing of merchandise entered into the United States through specified dates in 2048.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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