3.0.0 2474 2023-03-09T17:47:48Z 2023-03-09T17:47:48Z House HR 2021-04-13 117 [Congressional Record Volume 167, Number 63 (Tuesday, April 13, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. KUSTER:H.R. 2474.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1, Clause 3, and Clause 18[Page H1737]]]> hspw00 Transportation and Infrastructure Committee House Standing hspw14 Railroads, Pipelines, and Hazardous Materials Subcommittee Referred to 2021-04-14T14:14:59Z Referred to 2021-04-13T23:02:25Z Surface Transportation Investment Act of 2021 117 2016 S 2021-12-17 Placed on Senate Legislative Calendar under General Orders. Calendar No. 227. Related bill CRS 2021-04-14 hspw14 Railroads, Pipelines, and Hazardous Materials Subcommittee 1 House committee actions Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. Committee 2021-04-13 Referred to the House Committee on Transportation and Infrastructure. IntroReferral H11100 2 House floor actions hspw00 Transportation and Infrastructure Committee 2021-04-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-04-13 Introduced in House IntroReferral 1000 9 Library of Congress K000382 Rep. Kuster, Ann M. [D-NH-2] Ann Kuster D NH M. 2 N S001199 Rep. Smucker, Lloyd [R-PA-11] Lloyd Smucker R PA 11 2021-04-13 True P000614 Rep. Pappas, Chris [D-NH-1] Chris Pappas D NH 1 2021-04-13 True Transportation and Public Works Department of Transportation Government lending and loan guarantees Infrastructure development Public-private cooperation Railroads Transportation programs funding Transportation and Public Works 00 2021-04-13 Introduced in House 2021-10-01T19:23:59Z Invest in American Railroads Act

This bill revises and expands the Railroad Rehabilitation and Improvement Financing program of the Department of Transportation (DOT).

Specifically, the bill

  • authorizes DOT to pay certain credit risk premiums for loans or loan guarantees;
  • requires DOT to set aside at least $100 million for passenger rail projects in a given fiscal year;
  • directs DOT to provide loans and loan guarantees to private entities with controlling ownership in one or more freight railroads other than Class I carriers;
  • expands eligibility under the loan program to include reimbursement of planning, permitting, and design expenses related to acquiring, improving, or rehabilitating intermodal or rail equipment or facilities;
  • sets forth collateral and appraisal standards under the program; and
  • allows loan repayment terms to be extended up to 50 years after the date of substantial completion of a project, or the estimated useful life of the rail equipment or facilities to be acquired, rehabilitated, improved, developed, or established.
]]> Invest in American Railroads Act Display Title Invest in American Railroads Act Official Title as Introduced To amend the Railroad Revitalization and Regulatory Reform Act of 1976 to provide for the Secretary to pay certain credit risk premiums for loan or loan guarantees, and for other purposes. Introduced in House IH Short Title(s) as Introduced Invest in American Railroads Act Introduced in House IH Introduced in House 2021-04-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr2474ih/xml/BILLS-117hr2474ih.xml 2021-04-14 Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. 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.