H.R. 852 would authorize the Secretary of the Treasury to issue Re-Build America Bonds to finance essential infrastructure projects.
Detailed Summary
Re-Build America Bond Act of 2009 - Establishes the Re-Build America Trust Fund.
Directs the Secretary of the Treasury to issue Re-Build America Bonds.
Makes appropriations to the Trust Fund of amounts equivalent to all revenues derived from proceeds from the sale and issuance of such bonds, in order to make expenditures for rail, transit, water, highway, bridge, or road infrastructure projects.
Status of the Legislation
Latest Major Action: 2/5/2009: Referred to House subcommittee. Status: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Points in Favor
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Points Against
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