Mobile Menu - OpenMobile Menu - Closed

Investing in America: A Penny for Progress Act

On March 22, 2017, Ranking Member Peter DeFazio introduced H.R. 1664, the“Investing in America: A Penny for Progress Act", legislation that provides approximately $500 billion in infrastructure investment to improve the conditions of our Nation’s highways, bridges, and public transit systems, address the Federal underinvestment that has caused the current state-of-good-repair backlog, and meet future highway and transit needs through fiscal year (FY) 2030. To finance the additional investment, the bill authorizes the U.S. Department of Treasury to issue 30-year Invest in America Bonds annually, through 2030. Each bond will be repaid at the end of its 30-year term, using revenues from indexing the gasoline and diesel user fee beginning in 2017.      

Fact Sheets

Press Releases

DeFazio Introduces Investing in America: A Penny For Progress Act to Boost Investments for the Nation’s Roads, Bridges, and Transit Systems

List of Supporters

  • Alliance for Toll Free Interstates 
  • American Coal Ash Association
  • American Coal Ash Association*
  • American Concrete Pavement Association
  • American Concrete Pavement Association*
  • American Concrete Pipe Association
  • American Concrete Pipe Association*
  • American Council of Engineering Companies
  • American Council of Engineering Companies*
  • American Highway Users Alliance
  • American Iron and Steel Institute
  • American Iron and Steel Institute*
  • American Public Transportation Association
  • American Road & Transportation Builders Assocation
  • American Road & Transportation Builders Association*
  • American Society of Civil Engineers
  • American Society of Civil Engineers*
  • American Subcontractors Association
  • American Subcontractors Association*
  • American Traffic Safety Services Association
  • American Traffic Safety Services Association*
  • American Trucking Associations
  • Asphalt Emulsion Manufacturers Association
  • Asphalt Emulsion Manufacturers Association*
  • Asphalt Recycling & Reclaiming Association*
  • Asphalt Recycling and Reclaiming Association
  • Associated Equipment Distributors
  • Associated General Contractors of America
  • Associated General Contractors of America*
  • Association of Equipment Manufacturers
  • Association of Equipment Manufactures*
  • Community Transportation Association of America
  • Concrete Reinforcing Steel Institute
  • Concrete Reinforcing Steel Institute*
  • International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers
  • International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers*
  • International Slurry Surfacing Association
  • International Slurry Surfacing Association*
  • International Union of Operating Engineers
  • International Union of Operating Engineers*
  • Laborers’ International Union of North America*
  • Laborers-Employers Cooperation & Education Trust
  • Laborers-Employers Cooperation and Education Trust*
  • National Asphalt Pavement Association
  • National Asphalt Pavement Association*
  • National Association of Surety Bond Producers
  • National Association of Surety Bond Producers*
  • National Electrical Contractors Association
  • National Electrical Contractors Association*
  • National League of Cities
  • National Ready Mixed Concrete Association
  • National Ready Mixed Concrete Association*
  • National Steel Bridge Alliance
  • National Steel Bridge Alliance*
  • National Stone, Sand and Gravel Association
  • National Stone, Sand and Gravel Association*
  • National Utility Contractors Association
  • National Utility Contractors Association*
  • Owner-Operator Independent Drivers Association
  •  Portland Cement Association
  • Portland Cement Association*
  • Precast/Prestressed Concrete Institute
  • Precast/Prestressed Concrete Institute*
  • The Bus Coalition 
  • The Road Information Program
  • The Road Information Program*
  • The U.S. Travel Association
  • Transportation Construction Coalition
  • Transportation Trades Department, AFL-CIO
  • United Brotherhood of Carpenters and Joiners of America
  • United Brotherhood of Carpenters and Joiners of America*
  • United Parcel Service

Note: * organizations part of the Transportation Construction Coalition.