[Congressional Record Volume 165, Number 167 (Tuesday, October 22, 2019)]
[Senate]
[Page S6045]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 964. Mr. GARDNER (for himself and Mr. Bennet) submitted an 
amendment intended to be proposed to amendment SA 948 proposed by Mr. 
Shelby to the bill H.R. 3055, making appropriations for the Departments 
of Commerce and Justice, Science, and Related Agencies for the fiscal 
year ending September 30, 2020, and for other purposes; which was 
ordered to lie on the table; as follows:

        At the appropriate place in division D, insert the 
     following:

     SEC. __. CREDIT RISK PREMIUMS.

       (a) Short Title.--This section may be cited as the 
     ``Railroad Rehabilitation and Improvement Financing Equity 
     Act''.
       (b) Refund.--Section 502(f) of the Railroad Revitalization 
     and Regulatory Reform Act of 1976 (45 U.S.C. 822(f)) is 
     amended by adding at the end the following:
       ``(5) Refund of premiums.--The Secretary shall repay the 
     credit risk premium of each loan, with interest accrued 
     thereon, not later than 60 days after the date on which all 
     obligations attached to each such loan have been satisfied. 
     For each loan for which obligations have already been 
     satisfied, as of the date of enactment of the Railroad 
     Rehabilitation and Improvement Financing Equity Act, the 
     Secretary shall repay the credit risk premium of each such 
     loan, with interest accrued thereon, not later than 60 days 
     after the date of the enactment of such Act.''.
       (c) Authorization of Appropriations.--There are authorized 
     to be appropriated such sums as may be necessary to pay the 
     cost of any direct loan modification (as defined in section 
     502 of the Federal Credit Reform Act of 1990) to carry out 
     section 502(f)(5) of the Railroad Revitalization and 
     Regulatory Reform Act of 1976, as added by subsection (b).
                                 ______