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Transportation Infrastructure Finance and Innovation Act for Airports
1/11/2023, 1:49 PM
Summary of Bill HR 3340
Bill 117 HR 3340, also known as the Transportation Infrastructure Finance and Innovation Act for Airports, aims to provide funding and support for airport infrastructure projects across the United States. The bill seeks to address the growing need for modernization and expansion of airport facilities to accommodate the increasing demand for air travel.
The Transportation Infrastructure Finance and Innovation Act (TIFIA) program, which was originally established to provide funding for transportation projects such as highways and bridges, will now be expanded to include airports. This will allow airports to access low-cost financing for a wide range of projects, including runway expansions, terminal renovations, and technology upgrades.
The bill also includes provisions to streamline the approval process for airport infrastructure projects, making it easier for airports to secure funding and begin construction. Additionally, the bill includes measures to ensure that projects funded through TIFIA adhere to strict safety and environmental standards. Overall, Bill 117 HR 3340 aims to improve the efficiency and safety of airport infrastructure in the United States, ultimately enhancing the travel experience for millions of passengers each year.
The Transportation Infrastructure Finance and Innovation Act (TIFIA) program, which was originally established to provide funding for transportation projects such as highways and bridges, will now be expanded to include airports. This will allow airports to access low-cost financing for a wide range of projects, including runway expansions, terminal renovations, and technology upgrades.
The bill also includes provisions to streamline the approval process for airport infrastructure projects, making it easier for airports to secure funding and begin construction. Additionally, the bill includes measures to ensure that projects funded through TIFIA adhere to strict safety and environmental standards. Overall, Bill 117 HR 3340 aims to improve the efficiency and safety of airport infrastructure in the United States, ultimately enhancing the travel experience for millions of passengers each year.
Congressional Summary of HR 3340
Transportation Infrastructure Finance and Innovation Act for Airports
This bill makes certain airport projects eligible for funding under the transportation infrastructure finance and innovation program of the Department of Transportation (DOT), including projects for airport noise capability planning and for constructing gates and related areas at which passengers board or exit aircraft. DOT may provide funding for these projects only if all steel and manufactured goods used in the projects are produced in the United States, with specified exceptions.
Read the Full Bill
Current Status of Bill HR 3340
Bill HR 3340 is currently in the status of Bill Introduced since May 19, 2021. Bill HR 3340 was introduced during Congress 117 and was introduced to the House on May 19, 2021. Bill HR 3340's most recent activity was Referred to the Subcommittee on Highways and Transit. as of May 20, 2021
Bipartisan Support of Bill HR 3340
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
8Democrat Cosponsors
6Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3340
Primary Policy Focus
Transportation and Public WorksPotential Impact Areas
- Aviation and airports
- Roads and highways
- Transportation programs funding
Alternate Title(s) of Bill HR 3340
Transportation Infrastructure Finance and Innovation Act for Airports
To amend title 23, United States Code, to allow airport projects to be eligible to participate in the TIFIA program, and for other purposes.
Transportation Infrastructure Finance and Innovation Act for Airports
Comments
Sponsors and Cosponsors of HR 3340
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