,i #aad? ,,congress #a/ ,session ,h4 ,r4 #bdhe ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,may #bj1 #bjae ,mrs4 ,torres 7= h]self1 ,mrs4 ,bu/os1 & ,mrs4 ,napolitano7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,transportation & ,infra/ructure ,a ,,bill ,to e/abli% 9 ! ,dep>tm5t ( ! ,treasury an infra/ructure accel]ator program to facilitate inve/m5ts 9 & f9anc+ ( c]ta9 infra/ructure projects1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,regional ,infra/ructure ,accel]ator ,act ( #bjae4 #b4 ,purposes ,! purpose ( ?is program is to facilitate & mobilize inve/m5t 91 & ! long-t]m f9anc+ (1 economically viable cov]$ infra/ructure projects ( regional or national significance by provid+ fund+ = ^! projects1 includ+ ?r\gh private sector f9anc+1 to accel]ate ! deliv]y ( high-quality1 critical infra/ructure ?r\gh a self-su/a9+ regional infra/ructure accel]ator t mitigates risk ) te*nical exp]tise & be/ practices4 #c4 ,regional infra/ructure accel]ator program e/abli%$ 7a7 ,9 g5]al ,f am\nts appropriat$ "u p>agraphs 7#a7 & 7#c7 ( section #h1 ! ,secret>y ( ,treasury may e/abli% a regional infra/ructure accel]ator program 79 ?is section ref]r$ to z ! ,program7 to provide grants to regional infra/ructure accel]ators to e/abli% & adm9i/] a process = develop+ ! priorities ( & acquir+ f9anc+ = cov]$ infra/ructure projects4 7b7 ,program /ructure ,! ,program e/abli%$ pursuant to ?is ,act %all include-- 7#a7 an initial grant to a regional infra/ructure accel]ator t submits an application & a plan = promot+ inve/m5t 9 cov]$ infra/ructure projects2 & 7#b7 a subsequ5t grant to a regional infra/ructure accel]ator = ! purpose ( aw>d+ subgrants to "o or m ,/ate1 local1 or regional public entities to support cov]$ infra/ructure projects & )9 ! geographic area repres5t$ by ! regional infra/ructure accel]ator4 #d4 ,initial grants to regional infra/ructure accel]ators 7a7 ,application ,a regional infra/ructure accel]ator t seeks a grant "u ?is section %all submit an application to ! ,secret>y at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may reasonably require1 includ+ a plan t describes h[ ! regional infra/ructure accel]ator w promote inve/m5t 9 cov]$ infra/ructure projects by-- 7#a7 provid+ guidance & fe$back to ,/ate1 local1 or regional public entities on infra/ructure priorities1 f9anc+ /rategies1 & o!r matt]s relat+ to su* projects2 7#b7 evaluat+ & promot+ innovative f9anc+ me?ods2 7#c7 connect+ s\rces ( f9anc+ to ! ,/ate1 local1 or regional public entities2 7#d7 e/abli%+ /&>ds to measure life-cycle co/s ( inve/m5ts 9 su* projects1 def9$ z budget>y impacts ( ! design1 developm5t or con/ruction1 op]ations1 & ma9t5ance ( an infra/ructure asset2 7#e7 build+ capacity ( ,/ate & local gov]nm5ts to evaluate & /ructure projects involv+ ! inve/m5t ( private capital2 & 7#f7 provid+ te*nical assi/ance & in=mation on be/ practices ) respect to su* projects :i* %all include-- 7,a7 id5tify+ & select+ qualifi$ advisors su* z infra/ructure f9ancial analy/s & contract negotiators2 7,b7 incorporat+ resili5cy risk analyses into project plann+ & design2 7,c7 prep>+ & review+ reque/s = qualifications & proposals f private sector p>tn]s2 & 7,d7 apply+ /&>diz$ analyses & processes t provide quantitative data on infra/ructure inve/m5ts1 or specifically a value = money analysis4 7b7 ,selection ,f applications receiv$ "u subsection 7a71 ! ,secret>y %all select #e regional infra/ructure accel]ators f geographically div]se regions to receive a grant "u ?is section4 7c7 ,/ructure ( regional infra/ructure accel]ators 7#a7 ,9 g5]al ,to be eligible to receive a grant "u ?is ,act1 a regional infra/ructure accel]ator %all h a bo>d ( directors4 7#b7 ,bo>d ( directors 7,a7 ,composition ,! bo>d ( directors ( a regional infra/ructure accel]ator %all include at lea/ "o repres5tative ( ea* ,/ate1 locality1 or region 9 ! area s]v$ by ! regional infra/ructure accel]ator1 z nom9at$ by a gov]n+ body p>ticipat+ 9 ! regional infra/ructure accel]ator & t p>ticipat$ 9 submitt+ an application "u subsection 7a74 7,b7 ,duties ,! duties ( ! bo>d ( directors %all be to-- 7i7 develop & approve ( a regional infra/ructure accel]ator plan = _! respective regional infra/ructure accel]ator2 7ii7 select subgrantees = aw>d ( funds = pr$evelopm5t co/s1 z describ$ 9 section #e2 & 7iii7 approve ( & submit a report to ! ,secret>y z describ$ 9 subsection 7e74 7,c7 ,requirem5ts to approve plan ,9 c>ry+ out its duties "u subp>agraph 7,b77i71 ! ,bo>d ( ,directors %all consid] public /akehold] input f-- 7i7 a public project sponsor ) exp]i5ce 9 infra/ructure f9anc+2 7ii7 an entity ) ! ability to f9ance cov]$ infra/ructure projects 9 ! area s]v$ by ! regional infra/ructure accel]ator1 includ+ private sector equity inve/ors1 public p5sion funds1 end[m5ts1 & o!r f9ancial inve/m5t funds2 7iii7 a con/ruction or real e/ate developm5t entity ) ! capacity to develop cov]$ infra/ructure projects 9 ! area s]v$ by ! regional infra/ructure accel]ator2 7iv7 a repres5tative ( an organiz$ labor association or an association ( work]s repres5t+ labor & workplace /&>ds2 7v7 a legal exp]t ) exp]i5ce 9 contract developm5t & execution ( public private p>tn]%ips2 & 7vi7 a repres5tative ( ea* ,f$]al ag5cy or dep>tm5t ) jurisdiction ov] cov]$ infra/ructure projects4 7d7 ,use ( funds ,a regional infra/ructure accel]ator t is aw>d$ a grant "u ?is section %all use su* grant to-- 7#a7 assess regional approa*es to advanc+ innovative inve/m5t 9 cov]$ infra/ructure projects2 7#b7 develop /rategies =-- 7,a7 transp>5cy 9 ! analysis ( cov]$ infra/ructure projects to ensure protection ( ! public int]e/2 7,b7 ! bundl+ ( small] scale & rural projects into a l>g] transaction = inve/m5t2 & 7,c7 r$uc+ transaction co/s2 7#c7 facilitatate ! creation ( a catalog ( cov]$ infra/ructure projects available = inve/m5t2 & 7#d7 analyze & apply procurem5t me?ods = cov]$ infra/ructure projects1 includ+-- 7,a7 assess+ taxpay] b5efits ( contractual agreem5ts = ! managem5t & allocation ( risks 9 infra/ructure procurem5t2 7,b7 measur+ ! spe$ & quality ( project completion2 7,c7 assess+ ! use ( contract+ /rategies 9 :i* teams provide design1 con/ruction1 f9anc+1 & ma9t5ance solutions = p]=mance outcomes2 & 7,d7 complete ! report describ$ 9 subsection 7e74 7e7 ,report ,n lat] ?an #ab mon?s aft] receipt ( a grant "u ?is section ea* regional infra/ructure accel]ator %all submit to ! ,secret>y a report1 :i* %all include-- 7#a7 an update on ! implem5tation ( ! plan describ$ 9 subsection 7a72 7#b7 a description ( ! infra/ructure ne$s ( ! region to be s]v$ by ! regional infra/ructure accel]ator2 7#c7 a proposal ( cov]$ infra/ructure projects to be accompli%$ ?r\gh a subsequ5t grant aw>d$ "u section #d2 & 7#d7 ! procurem5t /rategies ! regional infra/ructure accel]ator int5ds to use = su* cov]$ infra/ructure projects4 7f7 ,selection = subsequ5t grant ,! ,secret>y %all review ! reports submitt$ "u subsection 7e7 & select n few] ?an #d regional infra/ructure accel]ators to receive a subsequ5t grant pursuant to section #d4 #e4 ,subsequ5t grants to regional infra/ructure accel]ators 7a7 ,9 g5]al ,n lat] ?an #fj days aft] ! ,secret>y reviews ! report submitt$ "u section #d7;e71 & f am\nts appropriat$ "u section #h7b71 ! ,secret>y %all aw>d grants to ! regional infra/ructure accel]ators select$ "u section #d7;f74 ,a regional infra/ructure accel]ator may use a grant aw>d$ "u ?is section to make subgrants to ,/ate1 local1 or regional public entities = pr$evelopm5t co/s4 7b7 ,re/rictions on subgrants ,regional infra/ructure accel]ators may make subgrants to ,/ate1 local1 or regional public entities = pr$evelopm5t co/s 9 an am\nt n to exce$ #cjj1jjj or #ge p]c5t ( ! project co/s1 :i*ev] is less4 ,! subgrantee %all provide1 or %all secure f o!r s\rces1 fund+ = rema9+ balance ( ! project co/s4 ,funds made available "u ?is section = pr$evelopm5t co/s _c be us$ to pay = "w already complet$4 7c7 ,application ,a ,/ate1 local1 or regional public entity may submit an application = a subgrant to a regional infra/ructure accel]ator t receives a grant "u subsection 7a7 at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! regional infra/ructure accel]ator may reasonably require4 7d7 ,use ( funds ,eligible co/s %all include ! foll[+ co/s associat$ ) cov]$ infra/ructure projects3 7#a7 ,project plann+1 feasibility /udies1 economic assessm5ts1 co/-b5efit analyses1 & public b5efit /udies4 7#b7 ,value-=-money analyses4 7#c7 ,design & eng9e]+4 7#d7 ,f9ancial plann+ 7includ+ ! id5tification ( fund+ & f9anc+ options74 7#e7 ,p]mitt+1 environm5tal review1 & regulatory processes4 7#f7 ,assessm5t ( ! impacts ( pot5tial projects on ! area1 includ+ ! effect on communities & environm5t4 7#g7 ,! work=ce & wages & b5efits1 z well z assessm5t ( infra/ructure vuln]ability & resili5ce to ! impacts ( climate *ange & o!r risks4 7#h7 ,public outrea* & community engagem5t4 #f4 ,report to ,congress ,n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y %all submit to ,congress a report on ! effectiv5ess ( ! ,program e/abli%$ "u ?is ,act4 ,! report %all include an ov]view ( ! ,program & f9d+s relat$ to ! effectiv5ess ( regional collaboration on infra/ructure inve/m5t1 infra/ructure f9ance1 & ! utilization ( procurem5t me?ods 7z describ$ 9 section #d7;d77#d774 #g4 ,def9itions ,9 ?is ,act1 ! foll[+ def9itions %all apply3 7#a7 ,cov]$ infra/ructure project ,9 ?is ,act1 ! t]m cov]$ infra/ructure project means an infra/ructure project-- 7,a7 t is sponsor$ by a ,/ate1 local1 or regional public entity2 & 7,b7 t involves ! con/ruction1 consolidation1 alt]ation1 or repair ( any ( ! foll[+3 7i7 ,int]city pass5g] or freight rail l9es4 7ii7 ,int]city pass5g] rail facilities or equipm5t4 7iii7 ,int]city freight rail facilities or equipm5t4 7iv7 ,int]city pass5g] bus facilities or equipm5t4 7v7 ,public transportation facilities or equipm5t4 7vi7 ,highway facilities1 includ+ bridges & tunnels4 7vii7 ,airports4 7viii7 ,air traffic control sy/ems4 7ix7 ,port or m>9e t]m9al facilities1 includ+ approa*es to m>9e t]m9al facilities or inl& port facilities4 7x7 ,port or m>9e equipm5t1 includ+ fix$ equipm5t to s]ve approa*es to m>9e t]m9als or inl& ports4 7xi7 ,ports ( entry or bord] cross+ infra/ructure4 7xii7 ,transmission or di/ribution pipel9es4 7xiii7 ,inl& wat]ways4 7xiv7 ,int]modal facilities or equipm5t relat$ to #b or m ( ! sectors describ$ 9 clauses 7i7 ?r\gh 7xiii74 7xv7 ,wat] treatm5t & solid wa/e disposal facilities1 includ+ dr9k+ wat] facilities4 7xvi7 ,/orm wat] managem5t sy/ems4 7xvii7 ,dams & levees4 7xviii7 ,facilities or equipm5t = en]gy transmission1 di/ribution or /orage4 7#b7 ,regional infra/ructure accel]ator ,! t]m regional infra/ructure accel]ator means a multi-jurisdictional organization organiz$ & d$icat$ to provide te*nical assi/ance1 f9anc+ options1 & res\rces = cov]$ infra/ructure projects )9 ! jurisdictions repres5t$ 9 su* organization4 7#c7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ! ,treasury4 7#d7 ,/ate ,! t]m ,/ate means ea* ( ! sev]al ,/ates1 ! ,di/rict ( ,columbia1 ,pu]to ,rico1 & any t]ritory or possession ( ! ,unit$ ,/ates4 #h4 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to c>ry out ! ,program e/abli%$ "u ?is ,act #be1jjj1jjj1 ( :i*-- 7#a7 #aa1ejj1jjj %all be us$ = initial grants to regional infra/ructure accel]ator "u section #c1 to be exp5d$ n lat] ?an #i mon?s aft] ! date ( enactm5t ( ?is ,act2 7#b7 #ac1jjj1jjj %all be us$ = subgrants to cov]$ entities "u section #d1 to be exp5d$ n lat] ?an #f mon?s aft] ! submission ( ! f9al report requir$ "u section #d7;e72 & 7#c7 #ejj1jjj %all be us$ = adm9i/rative co/s ( ! ,program4