,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #efda  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,janu>y #af1 #bjbj,mr4
 ,de,saulnier introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on         
,transportation & ,infra/ructure  ,a    
,,bill  ,to am5d title #di1 ,unit$      
,/ates ,code1 to provide grants &       
develop value capture policy4  #a4 ,%ort
 title ,?is ,act may be cit$ z !        
,inc5tiviz+ ,value ,capture = ,gre5]    
,transportation ,act4  #b4 ,f9d+s       
,congress f9ds ! foll[+3  7#a7 ,9 #bjah1
 gre5h\se gas emissions 7,,ghg7 rose    
%>ply by #c4d p]c5t1 ! second-l>ge/     
annual ga9 9 m ?an #bj ye>s1 & ,,ghg    
emissions h gr[n by approximately #a4e  
p]c5t e ye> ov] ! la/ decade4  7#b7     
,gre5h\se gas emissions f !             
transportation sector1 includ+ c>s &    
trucks1 are ! l>ge/ s\rce ( ,,ghg       
emissions 9 ! ,unit$ ,/ates ) !         
transportation sector emitt+            
#a1ijj1jjj1jjj tons ( c>bon dioxide     
7,,co#b7 annually4  7#c7 ,annual vehicle

 miles travel$ 7,,vmt7 9 ! ,unit$ ,/ates
 h ne>ly tripl$ s9ce #aiga1 ris+ to     
#c1baj1jjj1jjj1jjj 9 #bjah4  7#d7       
,consequ5tly1 9 #bjah1 ,am]icans lo/ an 
av]age ( #ig h\rs a ye> due to          
conge/ion1 co/+ !m ne>ly                
#hg1jjj1jjj1jjj4  7#e7 ,resid5ts 9      
communities locat$ ne> high-capacity    
transit are twice z likely n to own a c>
 z resid5ts :o live else:]e1 & !y own   
half z _m c>s p] h\sehold4  7#f7        
,increas+ transit rid]%ip & improv+ our 
transit sy/ems 9 urban1 suburban1 &     
exurban areas1 us+ innovative solutions 
su* z l& value capture1 w help r$uce    
,,vmt1 conge/ion1 ,,ghg emissions1 &    
reliance on fossil fuels & vehicles4 ,by
 r$uc+ su* factors1 ! ,unit$ ,/ates c   
help curb ! effects ( climate *ange4    
#c4 ,value capture policy & plann+      
program ,*apt] #ec ( title #di1 ,unit$  
,/ates ,code1 is am5d$ by add+ at ! end 
! foll[+3  #ecda4 ,te*nical assi/ance & 
value capture policy  7a7 ,te*nical     
assi/ance & policy developm5t  7#a7     

,te*nical assi/ance grants ,! ,secret>y 
may make a grant available to a ,/ate or
 local gov]nm5t if ! ,secret>y det]m9es 
t su* grant w assi/ recipi5ts "u ?is    
section to--  7,a7 develop m ,/ate &    
local value capture me*anisms = long-t]m
 fund+ t promote mobility1 public       
transportation1 & af=dable              
transit-ori5t$ developm5t2  7,b7 improve
 public transportation & mobility2 &    
7,c7 develop /rategic p>tn]%ips t create
 great] self-help capacity t leads to   
great] long t]m & robu/ inve/m5ts 9     
public transportation1 mobility1        
inclusive economic developm5t1 &        
af=dable transit-ori5t$ developm5t4     
7#b7 ,p]=mance b5*m>ks & ma9t5ance (    
ef=t  7,a7 ,p]=mance b5*m>ks ,to be     
eligible = a grant "u ?is section1 !    
grantee %all include 9 its application  
an explanation ( h[ ! grant funds w     
demon/rably increase transit capacity & 
rid]%ip & r$uce c>bon dioxide emissions1
 vehicle miles travel$1 & conge/ion4    
7,b7 ,ma9t5ance ( ef=t  7i7 ,9 g5]al &  

possible r$uction ,9 addition to !      
eligibility requirem5ts ( subp>agraph   
7,a71 a grantee also ne$s to include 9  
its application a c]tification to ma9ta9
 ! same fund+ level z ! aggregate       
exp5ditures at or above ! av]age level (
 exp5ditures 9 ! #b fiscal ye>s prior to
 ! date ( enactm5t ( ?is section4 ,if a 
,/ate or local gov]nm5t t receives a    
grant "u ?is section r$uces its comb9$  
fiscal ef=t = value capture initiatives 
& programs or ! aggregate exp5ditures )9
 ! ,/ate or local gov]nm5t to support   
value capture1 public transportation1 or
 af=dable transit-ori5t$ developm5t     
programs = any fiscal ye> t a ,/ate or  
local gov]nm5t receives a grant au?oriz$
 "u ?is section relative to ! previ\s   
fiscal ye>1 ! ,secret>y1 except z       
provid$ 9 clause 7ii71 %all r$uce       
support = su* ,/ate or local gov]nm5t "u
 ?is section by ! same am\nt z ! decl9e 
9 ,/ate or local ef=t = su* fiscal ye>4 
7ii7 ,waiv] ,! ,secret>y may waive !    
requirem5ts ( ?is subp>agraph if-- 7,i7 

! ,secret>y det]m9es t a waiv] w\ld be  
appropriate due to a precipit\s decl9e 9
 ! f9ancial res\rces ( a ,/ate or local 
gov]nm5t z a result ( un=ese5 economic  
h>d%ip or a natural disa/] t has        
necessitat$ across-!-bo>d r$uctions 9   
,/ate or local s]vices1 includ+ value   
capture1 public transportation1 &       
af=dable transit-ori5t$ developm5t      
programs2 or  7,,ii7 due to !           
circum/ances ( a ,/ate or local gov]nm5t
 requir+ r$uctions 9 specific programs1 
if ! ,/ate or local gov]nm5t pres5ts to 
! ,secret>y a ju/ification &            
demon/ration :y o!r programs c\ld n be  
r$uc$ & h[ value capture1 public        
transportation1 & af=dable              
transit-ori5t$ developm5t programs 9 !  
,/ate w n be disproportionately h>m$ by 
su* ,/ate or local action4  7#c7        
,davis-,bacon ,! ,secret>y %all ensure t
 labor]s & me*anics employ$ by          
contractors & subcontractors 9          
con/ruction "w f9anc$ by a grant made "u
 ?is section w be paid wages n less ?an 

^? prevail+ on simil> con/ruction 9 !   
locality1 z det]m9$ by ! ,secret>y (    
,labor "u sub*apt] ,,iv ( *apt] #ca (   
title #dj 7commonly kn[n z !            
,davis-,bacon ,act74  7#d7 ,en=cem5t ,! 
,secret>y may revoke grant funds provid$
 "u ?is section if a grantee fails to   
implem5t ! ma9t5ance ( ef=t "u p>agraph 
7#b77;,b7 & ,davis-,bacon provisions    
ref]r$ to p>agraph 7#c74  7#e7          
,evaluation ,n lat] ?an #c ye>s aft]    
receiv+ a grant "u ?is section1 !       
grantee %all assess ! effectiv5ess ( !  
use ( ! funds by evaluat+ :e!r ! funds  
creat$ a demon/rable increase 9 transit 
capacity & rid]%ip & a r$uction 9 c>bon 
dioxide emissions1 vehicle miles        
travel$1 & conge/ion4  7#f7 ,te*nical   
assi/ance ,! ,secret>y1 ?r\gh a         
competitive bid process1 may ent] into  
contracts1 coop]ative agreem5ts1 & o!r  
agreem5ts ) national nonpr(it           
organizations & univ]sities t h !       
appropriate demon/rat$ capacity to      
provide value capture-relat$ te*nical   

assi/ance "u ?is subsection1 includ+    
guidance on implem5t+ =eign value       
capture models )9 ! ,unit$ ,/ates4  7#g7
 ,supplem5t n supplant ,grant funds     
receiv$ "u ?is section %all be us$ to   
supplem5t & n supplant o!r ,f$]al1      
,/ate1 & local public funds exp5d$ on   
public value capture & af=dable         
transit-ori5t$ developm5t programs 9 !  
,/ate or local gov]nm5t4  7#h7 ,value   
capture policy requirem5ts  7,a7 ,value 
capture policy ,n lat] ?an ,octob] #a ( 
! fiscal ye> t beg9s #b ye>s aft] ! date
 ( enactm5t ( ?is section1 ! ,secret>y1 
9 collaboration ) ,/ate dep>tm5ts (     
transportation1 metropolitan plann+     
organizations1 & regional c\ncil (      
gov]nm5ts1 %all e/abli% volunt>y &      
cons5sus-bas$ value capture /&>ds1      
policies1 & be/ practices = ,/ate &     
local value capture me*anisms t promote 
great] inve/m5ts 9 public transportation
 & af=dable transit-ori5t$ developm5t4  
7,b7 ,report ,n lat] ?an #ae mon?s aft] 
! date ( enactm5t ( ?is section1 !      

,secret>y %all make available to !      
public a report catalog+ examples (     
,/ate & local laws & policies t provide 
= value capture & value %>+ t promote   
great] inve/m5t 9 public transportation 
& af=dable transit-ori5t$ developm5t4   
7,c7 ,be/ ,practices ,bas$ on ! report  
requir$ "u subp>agraph 7,b71 ! ,secret>y
 %all id5tify & dissem9ate examples (   
be/ practices :]e ,/ates & local        
gov]nm5ts h adopt$ value capture & value
 %>+ me*anisms t h successfully provid$ 
= great] inve/m5t 9 public              
transportation & af=dable transit-ori5t$
 developm5t4  7b7 ,def9itions ,=        
purposes ( ?is section-- 7#a7 ! t]m     
value capture means captur+ a portion ( 
! increm5tal economic value creat$ by   
gov]nm5t inve/m5ts1 activities1 &       
policies t may g5]ate alt]native rev5ue 
/reams1 assets1 or o!r f9ancial value = 
:i* c\ld assi/ 9 fund+ ^? inve/m5ts &   
activities2  7#b7 ! t]m transit-ori5t$  
developm5t means a mix ( comm]cial1     
resid5tial1 (fice1 & ent]ta9m5t c5t]$   

ar\nd or locat$ ne> a public            
transportation /ation t promotes        
af=dable h\s+ & comm]cial space2  7#c7 !
 t]m af=dable h\s+ means h\s+1 ! co/ (  
:i* does n exce$ #cj p]c5t ( ! income ( 
a family2 &  7#d7 ! t]m af=dable        
comm]cial space means comm]cial space   
d$icat$ to ei!r protect or promote small
 & disadvantage bus9esses provid$ bel[  
m>ket r5t value4  4