115-hr-6104115th Congress

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
Back to Legislation