United States 112th Congress Status: Died 1 D cosponsors

HR 341 — TIFIA of 2011

Last action — Referred to the Subcommittee on Highways and Transit.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. Died in session

This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Transportation Infrastructure Finance and Innovation Act of 2011 or TIFIA of 2011 - Revises terms of secured loans and lines of credit used to finance certain transportation infrastructure projects to increase the maximum loan amount for such projects from the lesser of 33% to the lesser of 49% of the eligible project costs or, if the loan does not receive an investment grade rating, the amount of the senior project obligations. Increases the total amount of the line of credit for such projects from 33% to 49% of the reasonably anticipated eligible project costs. Declares that, in the event of the obligor's bankruptcy, insolvency, or liquidation, a direct loan from the Secretary of Transportation for an infrastructure project shall not be subordinated to the claims of any holder of project obligations entered into after (not including such obligations issued to refund prior project obligations), or not contemplated by the parties at the time, the Secretary's agreement to provide the line of credit is entered into. Authorizes appropriations for FY2011-FY2016 for such projects.

Bill Text

We don't have the full text on file for this bill yet.

Read HR 341 on the official United States source →

Action History

  1. Referred to the Subcommittee on Highways and Transit.

  2. Referred to the House Committee on Transportation and Infrastructure.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance transportation
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Frequently asked questions

What does HR 341 do?
Transportation Infrastructure Finance and Innovation Act of 2011 or TIFIA of 2011 - Revises terms of secured loans and lines of credit used to finance certain transportation infrastructure projects to increase the maximum loan amount for such projects from the lesser of 33% to the lesser of 49% of the eligible project costs or, if the loan does not receive an investment grade rating, the amount of the senior project obligations. Increases the total amount of the line of credit for such projects from 33% to 49% of the reasonably anticipated eligible project costs. Declares that, in the event of the obligor's bankruptcy, insolvency, or liquidation, a direct loan from the Secretary of Transportation for an infrastructure project shall not be subordinated to the claims of any holder of project obligations entered into after (not including such obligations issued to refund prior project obligations), or not contemplated by the parties at the time, the Secretary's agreement to provide the line of credit is entered into. Authorizes appropriations for FY2011-FY2016 for such projects.
Who sponsors HR 341?
HR 341 is sponsored by Eddie Johnson (D).
What is the current status of HR 341?
This bill died with 112th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 341?
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