3.0.0 3794 2023-01-11T13:42:38Z 2023-01-11T13:42:38Z Senate S 2020-05-21 116 sscm00 Commerce, Science, and Transportation Committee Senate Standing Referred to 2020-05-21T16:56:19Z 2020-05-21 sscm00 Commerce, Science, and Transportation Committee Senate Read twice and referred to the Committee on Commerce, Science, and Transportation. (text: CR S2591-2597) IntroReferral 2020-05-21 Introduced in Senate IntroReferral 10000 9 Library of Congress T000250 Sen. Thune, John [R-SD] John Thune R SD R. N H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2020-05-21 True Transportation and Public Works Alternative dispute resolution, mediation, arbitration Civil actions and liability Economic development Employee benefits and pensions Government information and archives Government lending and loan guarantees Infrastructure development Interest, dividends, interest rates Labor-management relations Railroads Transportation employees Transportation programs funding Transportation and Public Works 00 2020-05-21 Introduced in Senate 2021-04-19T17:53:38Z Railroad Rehabilitation and Financing Innovation Act

This bill revises and reauthorizes through FY2025 the Railroad Rehabilitation and Improvement Financing (RRIF) loan program of the Department of Transportation (DOT).

The bill revises the program to direct DOT to provide direct loans and loan guarantees to private entities with controlling ownership in one or more freight railroads other than Class 1 carriers.

The bill provides DOT with flexibility in evaluating the types of collateral an applicant or infrastructure partner may propose under the program.

The bill also establishes an expedited application review process under the program for loans meeting certain financial and operational criteria. DOT must provide applicants with regular updates on the status of their applications.

]]> Railroad Rehabilitation and Financing Innovation Act Display Title Railroad Rehabilitation and Financing Innovation Act Short Title(s) as Introduced Railroad Rehabilitation and Financing Innovation Act Introduced in Senate IS Official Title as Introduced A bill to expedite transportation project delivery, facilitate infrastructure improvement, and for other purposes. Introduced in Senate IS Introduced in Senate 2020-05-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s3794is/xml/BILLS-116s3794is.xml 2020-05-21 Read twice and referred to the Committee on Commerce, Science, and Transportation. (text: CR S2591-2597) 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.