HR 6104 · 115th Congress · Economics and Public Finance
Generating American Income and Infrastructure Now Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.(2018-06-15)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (6)
3 Democrats3 Republicans