To require the sale of distressed notes and other obligations, and for other purposes.
USA115th CongressHR-6104| House
| Updated: 6/15/2018
Mike Kelly
Republican Representative
Pennsylvania
Cosponsors (6)
Transportation and Infrastructure Committee, Agriculture Committee, Economic Development, Public Buildings, and Emergency Management Subcommittee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Generating American Income and Infrastructure Now Act This bill requires the Department of Agriculture (USDA) to sell certain distressed notes and other obligations held by USDA. The sale must be conducted under terms and procedures established by the Department of the Treasury and specified in the bill. Of the proceeds from the sale: (1) 50% must be deposited into an account for carrying out infrastructure projects in low-income communities, and (2) 50% must be retained in the Treasury for deficit reduction.
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Timeline
Introduced in House
Referred to the Committee on Agriculture, 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.
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Economics and Public Finance
Bank accounts, deposits, capitalBudget deficits and national debtCongressional oversightDepartment of AgricultureGovernment studies and investigationsInfrastructure developmentPublic contracts and procurementSmall business
To require the sale of distressed notes and other obligations, and for other purposes.
USA115th CongressHR-6104| House
| Updated: 6/15/2018
Generating American Income and Infrastructure Now Act This bill requires the Department of Agriculture (USDA) to sell certain distressed notes and other obligations held by USDA. The sale must be conducted under terms and procedures established by the Department of the Treasury and specified in the bill. Of the proceeds from the sale: (1) 50% must be deposited into an account for carrying out infrastructure projects in low-income communities, and (2) 50% must be retained in the Treasury for deficit reduction.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Agriculture, 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.
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Mike Kelly
Republican Representative
Pennsylvania
Cosponsors (6)
Transportation and Infrastructure Committee, Agriculture Committee, Economic Development, Public Buildings, and Emergency Management Subcommittee
Economics and Public Finance
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Bank accounts, deposits, capitalBudget deficits and national debtCongressional oversightDepartment of AgricultureGovernment studies and investigationsInfrastructure developmentPublic contracts and procurementSmall business