H.R. 3400 would fund capital projects of State and local governments.
Detailed Summary
Rebuilding America's Infrastructure - Establishes the Federal Bank for Infrastructure Modernization. Authorizes the Bank to make loans to any state, local government, Indian tribe, and regional or multistate organization for the development of certain transportation- and educational- and water and hazardous treatment-related capital infrastructure facility projects. Sets forth specified requirements with respect to: (1) loan and borrower eligibility; and (2) compliance with the Americans with Disabilities Act of 1990, the Buy American Act, and the Davis-Bacon Act (wages) as they relate to the development of such projects.
Status of the Legislation
Latest Major Action: 8/4/2007: Referred to House subcommittee. Status: Referred to the Subcommittee on Water Resources and Environment.
Points in Favor
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Points Against
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