US Congress House Bill 1664 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 28-1)
Status: Introduced on March 22 2017 - 25% progression, died in committee
Action: 2017-03-23 - Referred to the Subcommittee on Highways and Transit.
Pending: House Subcommittee on Highways and Transit Committee
Text: Latest bill text (Introduced) [PDF]

Investing in America: A Penny for Progress Act This bill amends the Internal Revenue Code to require federal taxes on gasoline and diesel fuel or kerosene to be increased annually after 2017 to account for: (1) highway construction costs, and (2) reduced fuel usage due to Corporate Average Fuel Economy (CAFE) standards. The bill exempts kerosene fuels used in aviation from the increases and limits the annual increases to 1.5 cents. The bill also requires the Department of the Treasury to issue 30-year Invest in America Bonds in specified amounts annually through FY2030. The revenue from the bonds must be transferred to the Highway Trust Fund (HTF), with 80% allocated to the Highway Account and 20% allocated to the Mass Transit Account. The bill specifies requirements for allocating the additional funding from the HTF. Treasury must repay the bonds using the revenues that are attributable to the increased taxes required by this bill. After all of the bonds have been redeemed, additional revenues attributable to the increases must be transferred to the HTF. The bill also modifies Department of Transportation reporting requirements regarding: (1) infrastructure investment needs, and (2) public transportation investment needs. The bill amends the Fixing America's Surface Transportation Act (FAST Act) to repeal a rescission of certain unobligated federal-aid highway funds apportioned among the states.

Investing in America: A Penny for Progress Act

Rep. Peter DeFazio [D-OR]	Rep. Lou Barletta [R-PA]	Rep. Michael Capuano [D-MA]	Rep. Mark DeSaulnier [D-CA]
Rep. Jared Huffman [D-CA]	Rep. Eddie Johnson [D-TX]	Rep. Henry Johnson [D-GA]	Rep. Rick Larsen [D-WA]
Rep. Grace Napolitano [D-CA]	Rep. Jerrold Nadler [D-NY]	Rep. Richard Nolan [D-MN]	Rep. Eleanor Norton [D-DC]
Rep. Donald Payne [D-NJ]	Rep. Albio Sires [D-NJ]	Rep. Frederica Wilson [D-FL]	Rep. Steve Cohen [D-TN]
Rep. Andre Carson [D-IN]	Rep. Alan Lowenthal [D-CA]	Sen. Peter Welch [D-VT]	Rep. Dwight Evans [D-PA]
Rep. Lacy Clay [D-MO]	Rep. Earl Blumenauer [D-OR]	Rep. Brendan Boyle [D-PA]	Rep. Mark Pocan [D-WI]
Rep. Jerry McNerney [D-CA]	Rep. Michael Doyle [D-PA]	Rep. John Larson [D-CT]	Rep. Carolyn Maloney [D-NY]
Rep. Adriano Espaillat [D-NY]

Date	Chamber	Action
2017-03-23	House	Referred to the Subcommittee on Highways and Transit.
2017-03-22	House	Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-22	House	Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-22	House	Referred to the Committee on Ways and Means, and in addition to the Committee on Transportation and Infrastructure, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2017-03-22	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/1664/all-info
Text	https://www.congress.gov/115/bills/hr1664/BILLS-115hr1664ih.pdf