HR 1641
Promoting Infrastructure by Protecting Our Subcontractors and Taxpayers Act
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill, the Promoting Infrastructure by Protecting Our Subcontractors and Taxpayers Act, aims to strengthen the Transportation Infrastructure Finance and Innovation Program (TIFIA). It requires the Department of Transportation to ensure that all infrastructure projects funded through TIFIA have adequate payment and performance security, regardless of who is responsible for the project – whether it’s a state, local government, or a private company. The bill allows the Department to determine if the federal government’s interests are protected when accepting alternative security arrangements. The changes will take effect on the date the bill is enacted.
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Primary sponsor
Cosponsors
Anthony G. Brown
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