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 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

R CornynSponsor

1 cosponsor · 1 D

D Kaine

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 Senate · Mar 24, 2021

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 time line 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 (Mar 24, 2021): Read twice and referred to the Committee on Environment and Public Works.

Policy area: Transportation and Public Works · Origin: Senate · Introduced: Mar 24, 2021

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

No recorded floor vote found.