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   &lt;pre&gt;[Congressional Record Volume 167, Number 63 (Tuesday, April 13, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]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]&lt;/pre&gt;
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     &lt;p&gt;&lt;b&gt;Invest in American Railroads Act&lt;/b&gt;&lt;/p&gt; &lt;p&gt;This bill revises and expands the Railroad Rehabilitation and Improvement Financing program of the Department of Transportation (DOT).&lt;/p&gt; &lt;p&gt;Specifically, the bill&lt;/p&gt; &lt;ul&gt; &lt;li&gt;authorizes DOT to pay certain credit risk premiums for loans or loan guarantees;&lt;/li&gt; &lt;li&gt;requires DOT to set aside at least $100 million for passenger rail projects in a given fiscal year;&lt;/li&gt; &lt;li&gt;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;&lt;/li&gt; &lt;li&gt;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;&lt;/li&gt; &lt;li&gt;sets forth collateral and appraisal standards under the program; and&lt;/li&gt; &lt;li&gt;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.&lt;/li&gt; &lt;/ul&gt;
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   Invest in American Railroads Act
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     Invest in American Railroads Act
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     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.
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   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.
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2021-04-14
Railroads, Pipelines, and Hazardous Materials Subcommittee
hspw14
1
House committee actions
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Committee
H11100
2021-04-13
Transportation and Infrastructure Committee
hspw00
2
House floor actions
Referred to the House Committee on Transportation and Infrastructure.
IntroReferral
Intro-H
2021-04-13
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-04-13
9
Library of Congress
Introduced in House
IntroReferral
2021-04-13T23:02:25Z
Referred to
House
Transportation and Infrastructure Committee
2021-04-14T14:14:59Z
Referred to
Railroads, Pipelines, and Hazardous Materials Subcommittee
hspw14
hspw00
Standing
S001199
11
Lloyd
Rep. Smucker, Lloyd [R-PA-11]
Smucker
R
2021-04-13
PA
P000614
1
Chris
Rep. Pappas, Chris [D-NH-1]
Pappas
D
2021-04-13
NH
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.
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.
2021-04-13
2021-04-14
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
House
Transportation and Public Works
2021-12-17
Placed on Senate Legislative Calendar under General Orders. Calendar No. 227.
CRS
Related bill
Surface Transportation Investment Act of 2021
S
K000382
2
Ann
Rep. Kuster, Ann M. [D-NH-2]
N
Kuster
M.
D
NH
Department of Transportation Government lending and loan guarantees Infrastructure development Public-private cooperation Railroads Transportation programs funding
2021-04-13
Introduced in House
 <p><b>Invest in American Railroads Act</b></p> <p>This bill revises and expands the Railroad Rehabilitation and Improvement Financing program of the Department of Transportation (DOT).</p> <p>Specifically, the bill</p> <ul> <li>authorizes DOT to pay certain credit risk premiums for loans or loan guarantees;</li> <li>requires DOT to set aside at least $100 million for passenger rail projects in a given fiscal year;</li> <li>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;</li> <li>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;</li> <li>sets forth collateral and appraisal standards under the program; and</li> <li>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.</li> </ul>
2021-10-01T19:23:59Z
00
2021-04-13T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr2474ih/xml/BILLS-117hr2474ih.xml
Invest in American Railroads Act
Invest in American Railroads Act
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Introduced in House
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.
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Introduced in House
Invest in American Railroads Act
Short Title(s) as Introduced
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2023-03-09T17:47:48Z
2023-03-09T17:47:48Z
3.0.0
2021-12-17
Placed on Senate Legislative Calendar under General Orders. Calendar No. 227.
CRS
Related bill
Surface Transportation Investment Act of 2021
S
2021-04-14
Railroads, Pipelines, and Hazardous Materials Subcommittee
hspw14
1
House committee actions
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Committee
H11100
2021-04-13
Transportation and Infrastructure Committee
hspw00
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House floor actions
Referred to the House Committee on Transportation and Infrastructure.
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2021-04-13
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Library of Congress
Introduced in House
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2021-04-13
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Introduced in House
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Ann
Rep. Kuster, Ann M. [D-NH-2]
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Kuster
M.
D
NH
S001199
11
Lloyd
Rep. Smucker, Lloyd [R-PA-11]
Smucker
R
2021-04-13
PA
P000614
1
Chris
Rep. Pappas, Chris [D-NH-1]
Pappas
D
2021-04-13
NH
Department of Transportation Government lending and loan guarantees Infrastructure development Public-private cooperation Railroads Transportation programs funding
2021-04-13
Introduced in House
 <p><b>Invest in American Railroads Act</b></p> <p>This bill revises and expands the Railroad Rehabilitation and Improvement Financing program of the Department of Transportation (DOT).</p> <p>Specifically, the bill</p> <ul> <li>authorizes DOT to pay certain credit risk premiums for loans or loan guarantees;</li> <li>requires DOT to set aside at least $100 million for passenger rail projects in a given fiscal year;</li> <li>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;</li> <li>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;</li> <li>sets forth collateral and appraisal standards under the program; and</li> <li>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.</li> </ul>
2021-10-01T19:23:59Z
00
Invest in American Railroads Act
Invest in American Railroads Act
Display Title
IH
Introduced in House
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.
Official Title as Introduced
IH
Introduced in House
Invest in American Railroads Act
Short Title(s) as Introduced
2021-04-14
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.