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H.R. 1664: Investing in America: A Penny for Progress Act

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H.R. 1664: Investing in America: A Penny for Progress Act

115th Congress · introduced 2017-03-22 · Taxation · Latest: Referred to the Subcommittee on Highways and Transit.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2017-03-22 · official record
  2. Who proposed it: Rep. DeFazio, Peter A. [D-OR-4] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the Subcommittee on Highways and Transit. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Investing in America: A Penny for Progress Act

Plain summary

Investing in America: A Penny for Progress Act This bill amends the Internal Revenue Code to require federal taxes on gasoline and diesel fuel or kerosene to be increased annually after 2017 to account for: (1) highway construction costs, and (2) reduced fuel usage due to Corporate Average Fuel Economy (CAFE) standards. The bill exempts kerosene fuels used in aviation from the increases and limits the annual increases to 1.5 cents. The bill also requires the Department of the Treasury to issue 30-year Invest in America Bonds in specified amounts annually through FY2030. The revenue from the bonds must be transferred to the Highway Trust Fund (HTF), with 80% allocated to the Highway Account and 20% allocated to the Mass Transit Account. The bill specifies requirements for allocating the additional funding from the HTF. Treasury must repay the bonds using the revenues that are attributable to the increased taxes required by this bill. After all of the bonds have been redeemed, additional revenues attributable to the increases must be transferred to the HTF. The bill also modifies Department of Transportation reporting requirements regarding: (1) infrastructure investment needs, and (2) public transportation investment needs. The bill amends the Fixing America's Surface Transportation Act (FAST Act) to repeal a rescission of certain unobligated federal-aid highway funds apportioned among the states.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Investing in America: A Penny for Progress Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. DeFazio, Peter A. [D-OR-4] · 28 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Mark DeSaulnier (D-CA), Jared Huffman (D-CA), Henry C. "Hank" Johnson, Jr. (D-GA), Rick Larsen (D-WA), Jerrold Nadler (D-NY), Eleanor Holmes Norton (D-DC), Frederica S. Wilson (D-FL), Steve Cohen (D-TN), André Carson (D-IN), Peter Welch (D-VT), Dwight Evans (D-PA), Brendan F. Boyle (D-PA), Mark Pocan (D-WI), John B. Larson (D-CT), Adriano Espaillat (D-NY)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Bond
A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr1664 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115