Investing in America: A Penny for Progress Act
On March 22, 2017, Ranking Member Peter DeFazio introduced H.R. 1664, the "Investing in America: A Penny for Progress Act", legislation that provides approximately $500 billion in infrastructure investment to improve the conditions of our Nation's highways, bridges, and public transit systems, address the Federal underinvestment that has caused the current state-of-good-repair backlog, and meet future highway and transit needs through fiscal year (FY) 2030. To finance the additional investment, the bill authorizes the U.S. Department of Treasury to issue 30-year Invest in America Bonds annually, through 2030. Each bond will be repaid at the end of its 30-year term, using revenues from indexing the gasoline and diesel user fee beginning in 2017.
Fact Sheets
Press Releases
List of Supporters
- Alliance for Toll Free Interstates
- American Coal Ash Association*
- American Concrete Pavement Association*
- American Concrete Pipe Association*
- American Council of Engineering Companies*
- American Iron and Steel Institute*
- American Public Transportation Association
- American Road & Transportation Builders Assocation
- American Society of Civil Engineers
- American Subcontractors Association*
- American Traffic Safety Services Association*
- American Trucking Associations
- Asphalt Emulsion Manufacturers Association*
- Asphalt Recycling & Reclaiming Association*
- Associated Equipment Distributors
- Associated General Contractors of America
- Associated General Contractors of America*
- Association of Equipment Manufactures*
- Community Transportation Association of America
- Concrete Reinforcing Steel Institute*
- International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers*
- International Slurry Surfacing Association*
- International Union of Operating Engineers
- Laborers' International Union of North America*
- Laborers-Employers Cooperation and Education Trust*
- National Asphalt Pavement Association*
- National Association of Surety Bond Producers*
- National Electrical Contractors Association*
- National League of Cities
- National Ready Mixed Concrete Association*
- National Steel Bridge Alliance*
- National Stone, Sand and Gravel Association*
- National Utility Contractors Association*
- North America's Building Trades Unions
- Owner-Operator Independent Drivers Association
- Portland Cement Association*
- Precast/Prestressed Concrete Institute*
- The Bus Coalition
- The Road Information Program*
- The U.S. Travel Association
- Transportation Construction Coalition
- Transportation Trades Department, AFL-CIO
- United Brotherhood of Carpenters and Joiners of America*
- United Parcel Service
Note: * organizations part of the Transportation Construction Coalition.