S. 911 · 113th Congress
Emergency Transportation Safety Fund Act
- Stage
- In committee
- Sponsor
- Rand Paul
- Introduced
- 2013-05-09
- Latest action
- 2013-05-09 · Introduced in Senate
Summary
Emergency Transportation Safety Fund Act - Amends the Internal Revenue Code to reduce the tax rate on current and accumulated foreign earnings of U.S. corporations reinvested in the United States and make such lower rate permanent.
Establishes the Emergency Transportation Safety Fund and makes appropriations to it.
Directs the Secretary of Transportation (DOT) to compile a prioritized list of emergency transportation projects, which will guide the allocation of Fund amounts to the states.