H.R.4925 - TIFIA 2.0 Act113th Congress (2013-2014)
|Sponsor:||Rep. Webster, Daniel [R-FL-10] (Introduced 06/20/2014)|
|Committees:||House - Transportation and Infrastructure|
|Latest Action:||House - 06/23/2014 Referred to the Subcommittee on Highways and Transit. (All Actions)|
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Summary: H.R.4925 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in House (06/20/2014)
TIFIA 2.0 Act - Amends the Transportation Infrastructure Finance and Innovation Act (TIFIA) to revise the Department of Transportation (DOT) TIFIA program of direct loans, loan guarantees, and credit for surface transportation projects.
Establishes in the Treasury a TIFIA Revolving Fund.
Requires the set-aside of up to 10% of Fund amounts for rural infrastructure projects (as similarly required in current funding law).
Directs the Secretary of Transportation to transfer from the Fund to the general fund of the Treasury amounts equal to moneys deposited in the Fund as a result of the repayment of principal and interest on direct loans for transportation infrastructure projects before enactment of this Act.
Revises project eligibility requirements.