Generating American Income and Infrastructure Now Act
Sponsored By: Representative Kelly, Mike [R-PA-16]
Unknown
Summary
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.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Kelly, Mike [R-PA-16]
PA • R
Cosponsors
Rep. Wilson, Frederica S. [D-FL-24]
FL • D
Sponsored 7/26/2018
Rep. Jackson Lee, Sheila [D-TX-18]
TX • D
Sponsored 9/12/2018
Rep. Davidson, Warren [R-OH-8]
OH • R
Sponsored 9/12/2018
WM. CLAY
MO • D
Sponsored 6/14/2018
Sen. Budd, Ted [R-NC]
NC • R
Sponsored 6/14/2018
Rep. Mooney, Alexander X. [R-WV-2]
WV • R
Sponsored 7/26/2018
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov