3.0.0 3631 2023-01-11T13:40:56Z 2023-01-11T13:40:56Z Senate S 2018-11-15 115 ssev00 Environment and Public Works Committee Senate Standing Referred to 2018-11-15T16:27:22Z 2018-11-15 ssev00 Environment and Public Works Committee Senate Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S7053) IntroReferral 2018-11-15 Introduced in Senate IntroReferral 10000 9 Library of Congress C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX N K000384 Sen. Kaine, Tim [D-VA] Timothy Kaine D VA M. 2018-11-15 True Transportation and Public Works Transportation and Public Works 00 2018-11-15 Introduced in Senate 2019-10-02T14:40:36Z Revitalizing American Priorities for Infrastructure Development Act or the RAPID Act

This bill revises the transportation infrastructure finance and innovation (TIFIA) program to: (1) require program applicants to obtain investment grade ratings from at least two credit rating agencies, unless the federal credit instrument is less than $150 million (currently, less than $75 million), in which case one rating will suffice; (2) require the Department of Transportation (DOT) to implement an expedited decision timeline for public agency borrowers seeking secured loans; and (3) require DOT to publish status reports on program applications on the TIFIA website.


]]> RAPID Act Display Title RAPID Act Official Title as Introduced A bill to amend title 23, United States Code, to improve the transportation infrastructure finance and innovation (TIFIA) program, and for other purposes. Introduced in Senate IS Short Titles as Introduced RAPID Act Short Titles as Introduced Revitalizing American Priorities for Infrastructure Development Act Introduced in Senate 2018-11-15T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s3631is/xml/BILLS-115s3631is.xml 2018-11-15 Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S7053) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.