HR6923119th CongressWALLET

Jobs for a Carbon Free Transportation System Act

Sponsored By: Representative Rep. DeSaulnier, Mark [D-CA-10]

Introduced

Summary

Low‑carbon transportation corridors would be funded and linked to transit‑oriented development and value‑capture financing to reduce corridor emissions and improve transit connectivity. The bill also would create financing tools and worker transition programs to support affordable development and workers moving from traditional energy jobs.

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  • States, local and tribal governments, and metropolitan planning organizations: would be eligible for Low Carbon Corridor grants to plan and build linked transit, electric or automated vehicle lanes, high‑speed rail, high‑occupancy vehicle lanes, and pedestrian and bicycle facilities. Grant projects would follow U.S. domestic content rules and federal labor standards like Davis‑Bacon.
  • Developers and local finance authorities: would get new value‑capture tools including Federal tax‑increment financing (TIF) district designations and a Qualified Transit‑Oriented Development (QTOD) private activity bond category for projects within a half‑mile of major transit. QTOD issuance would use state volume cap allocations and must meet local affordable housing and value‑sharing conditions.
  • Workers in traditional energy sectors: Renewable Energy Transition grants would fund local transition plans and a National Employment Corps would provide job guarantees, training, and wrap‑around supports. Corps participants would be placed in bargaining units and earn regionally indexed wages with a minimum of $15 per hour plus benefits.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 3 benefits, 0 costs, 0 mixed.

Federal TIF districts for transit

This bill would create a federal program to allow value-capture TIF districts to help pay for transit, affordable housing, and community development in nominated areas. State or local governments would have to nominate contiguous transit-oriented corridors and show they have a TIF or other value-capture plan that meets voluntary standards. Designations would last until December 31, 2030, unless the nominating governments set an earlier end or the Secretary revokes them. The Treasury would certify capital gains inside districts, study federal guarantees for qualified bonds, and must issue certifying rules within 1 year of enactment.

Grants for low-carbon transport corridors

This bill would require DOT to create a Low-Carbon Corridor grant program. States, local and tribal governments, and metropolitan planning organizations could get grants for things like HOV lanes, transit-oriented and high-density development, electric or automated vehicle lanes tied to transit, Smart City connectivity, high-speed rail, and bike and pedestrian facilities. DOT and EPA would monitor how funded corridors cut carbon and how chosen mechanisms contribute to reductions. Projects would have to follow Davis-Bacon and other prevailing-wage rules and Buy American rules, though the Secretary could waive Buy American with a public, written explanation.

Tax-favored transit development bonds

This bill would create a new category of Qualified Transit-Oriented Development (QTOD) bonds to finance property within one-half mile of major transit stations. Bonds would qualify only if issued under local policies that promote affordable housing, high-density mixed-use development, value capture, and reserve 25 to 50 percent of increased real property tax revenues for debt service as set by the Secretary. Each issuer's QTOD amount would be limited by existing Move America volume caps and States could allocate their volume caps among issuers. Projects financed with QTOD bond proceeds would be subject to Davis-Bacon prevailing-wage rules.

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Sponsors & CoSponsors

Sponsor

Rep. DeSaulnier, Mark [D-CA-10]

CA • D

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

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