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H.R.6104 - Generating American Income and Infrastructure Now Act115th Congress (2017-2018) |

Bill

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Sponsor: Rep. Kelly, Mike [R-PA-3] (Introduced 06/14/2018)
Committees: House - Agriculture; Transportation and Infrastructure
Latest Action: House - 06/15/2018 Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.  (All Actions)

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This bill has the status Introduced

Here are the steps for Status of Legislation:

  1. Introduced
  2. Passed House
  3. Passed Senate
  4. To President
  5. Became Law

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  • Constitutional Authority Statement
  • CBO Cost Estimates [0]

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Summary: H.R.6104 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.6104. Bill summaries are authored by CRS.

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Introduced in House (06/14/2018)

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.