,,ii  #aagth ,,congress  #ast ,session  
,s4 #fch  ,,in ,,the ,,senate ,,of ,,the
 ,,united ,,states  ,march #i1 #bjba,mr4
 ,van ,hollen 7for himself and ,mr4     
,rounds7 introduced the following bill2 
which was read twice and referred to the
 ,committee on ,environment and ,public 
,works  ,a ,,bill  ,to amend title #bc1 
,united ,states ,code1 to include a     
payment and performance security        
requirement for certain infrastructure  
financing1 and for other purposes4  #a4 
,short title ,this ,act may be cited as 
the ,promoting ,infrastructure by       
,protecting ,our ,subcontractors and    
,taxpayers ,act4  #b4 ,federal          
requirements for ,,tifia eligibility and
 project selection  7a7 ,in general     
,section #fjb7;c7 of title #bc1 ,united 
,states ,code1 is amended by adding at  
the end the following3  7#c7 ,payment   
and performance security  7,a7 ,in      
general ,the ,secretary shall ensure    
that the design and construction of a   
project carried out with assistance     

under the ,,tifia program shall have    
appropriate payment and performance     
security1 regardless of whether the     
obligor is a ,state1 local government1  
agency or instrumentality of a ,state or
 local government1 public authority1 or 
private party4  7,b7 ,written           
determination ,if payment and           
performance security is required to be  
furnished by applicable statute or      
regulation1 the ,secretary may accept   
such payment and performance security   
requirements applicable to the obligor  
if the ,secretary has made a written    
determination that the ,federal interest
 with respect to ,federal funds and     
other project risk related to design and
 construction is adequately protected4  
7,c7 ,no determination or applicable    
requirements ,if a determination under  
this paragraph has not been made or     
there are no payment and performance    
security requirements applicable to the 
obligor1 the security under section     
#caca7;b7 of title #dj shall be         

required4  4  7b7 ,applicability ,the   
amendments made by this ,act shall apply
 with respect to any contract entered   
into on or after the date of enactment  
of this ,act4