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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

Note: * organizations part of the Transportation Construction Coalition.