S.1768 - Pipeline Revolving Fund and Job Creation Act113th Congress (2013-2014)
|Sponsor:||Sen. Markey, Edward J. [D-MA] (Introduced 11/21/2013)|
|Committees:||Senate - Commerce, Science, and Transportation|
|Latest Action:||Senate - 11/21/2013 Read twice and referred to the Committee on Commerce, Science, and Transportation. (All Actions)|
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Summary: S.1768 — 113th Congress (2013-2014)All Information (Except Text)
Introduced in Senate (11/21/2013)
Pipeline Revolving Fund and Job Creation Act - Directs the Administrator of the Pipeline and Hazardous Materials Safety Administration to offer to enter into agreements to make capitalization grants, including letters of credit, to eligible states for the repair or replacement of natural gas distribution pipelines.
Requires grant funds to be deposited into state revolving loan funds to provide loans or loan guarantees to: (1) facilitate compliance with an intended use plan, or (2) repair or replace those pipelines that have been identified as leak-prone.
Prohibits the use of funds from loans or loan guarantees made by a state to repair or replace natural gas distribution pipelines unless all of the iron, steel, plastic, and manufactured goods used in the repair or replacement are produced in the United States (Buy America).