3.0.0 2475 2022-08-10T23:36:00Z 2022-08-10T23:36:00Z House HR 2019-05-02 116 [Congressional Record Volume 165, Number 72 (Thursday, May 2, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ALLRED:H.R. 2475.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1:The Congress shall have Power to lay and collect Taxes,Duties, Imposts and Excises, to pay the Debts and provide forthe common Defence and general Welfare of the United States.[Page H3441]]]> hspw00 Transportation and Infrastructure Committee House Standing hspw12 Highways and Transit Subcommittee Referred to 2019-05-03T14:41:13Z Referred to 2019-05-02T13:03:25Z RAPID Act 116 353 S 2019-02-06 Read twice and referred to the Committee on Environment and Public Works. Identical bill CRS 2019-05-03 hspw12 Highways and Transit Subcommittee 1 House committee actions Referred to the Subcommittee on Highways and Transit. Committee 2019-05-02 Referred to the House Committee on Transportation and Infrastructure. IntroReferral H11100 2 House floor actions hspw00 Transportation and Infrastructure Committee 2019-05-02 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-05-02 Introduced in House IntroReferral 1000 9 Library of Congress A000376 Rep. Allred, Colin Z. [D-TX-32] Colin Allred D TX Z. 32 N G000579 Rep. Gallagher, Mike [R-WI-8] Mike Gallagher R WI 8 2019-05-02 True Transportation and Public Works Government information and archives Government lending and loan guarantees Public transit Roads and highways Transportation programs funding Transportation and Public Works 00 2019-05-02 Introduced in House 2019-10-02T14:44:50Z 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 To amend title 23, United States Code, to improve the transportation infrastructure finance and innovation (TIFIA) program, and for other purposes. Introduced in House IH Short Title(s) as Introduced RAPID Act Introduced in House IH Short Title(s) as Introduced Revitalizing American Priorities for Infrastructure Development Act Introduced in House IH Introduced in House 2019-05-02T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr2475ih/xml/BILLS-116hr2475ih.xml 2019-05-03 Referred to the Subcommittee on Highways and Transit. 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.