Carbon-Free Transport, Infrastructure Funding, and Fossil Fuel Worker Job Guarantee.
This Act establishes grant programs to develop interconnected, low-carbon transportation corridors, improving connectivity and reducing emissions across roads, rail, and public transit. It introduces new tax and financing tools, like Federal Value Capture Districts, allowing local governments to fund public transit and affordable housing using the increased property value generated by these investments. Crucially, it creates a job guarantee program for fossil fuel workers transitioning to sustainable industries, ensuring they receive training and employment at competitive wages.
Key points
Grants fund new low-carbon transportation corridors, including high-speed rail, EV lanes, and pedestrian/bike facilities, aiming to cut carbon emissions.
Local governments gain new tools ('Value Capture' and tax-exempt bonds) to finance public transit and affordable housing near stations using property value increases.
Displaced fossil fuel workers receive transition grants and a job guarantee through the National Employment Corps, with a minimum wage of $15.00 per hour plus benefits.
Infrastructure projects must comply with strict labor standards (like the Davis-Bacon Act) and 'Buy American' requirements for materials.
Expired
Citizen Poll