S. 3794 · 116th Congress
Railroad Rehabilitation and Financing Innovation Act
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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.
R
ThuneSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill revises and reauthorizes through FY2025 the Railroad Rehabilitation and Improvement Financing (RRIF) loan program of the Department of Transportation (DOT).
What it does: CRS summary · Introduced in Senate · May 21, 2020
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Railroad Rehabilitation and Financing Innovation Act
Latest action (May 21, 2020): Read twice and referred to the Committee on Commerce, Science, and Transportation. (text: CR S2591-2597)
Policy area: Transportation and Public Works · Origin: Senate · Introduced: May 21, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.