RAPID Act

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

D AllredSponsor

1 cosponsor · 1 R

R Gallagher

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Revitalizing American Priorities for Infrastructure Development Act or the RAPID Act

What it does: CRS summary · Introduced in House · May 2, 2019

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.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: RAPID Act

Also known as: Revitalizing American Priorities for Infrastructure Development Act

Latest action (May 3, 2019): Referred to the Subcommittee on Highways and Transit.

Policy area: Transportation and Public Works · Origin: House · Introduced: May 2, 2019

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.