US Congress Senate Bill 353 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 6 2019 - 25% progression, died in committee
Action: 2019-02-06 - Read twice and referred to the Committee on Environment and Public Works.
Pending: Senate Environment And Public Works Committee
Text: Latest bill text (Introduced) [PDF]

Revitalizing American Priorities for Infrastructure Development Act or the RAPID Act 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.

RAPID Act Revitalizing American Priorities for Infrastructure Development Act

Sen. John Cornyn [R-TX]

Sen. Tim Kaine [D-VA]

Date	Chamber	Action
2019-02-06	Senate	Read twice and referred to the Committee on Environment and Public Works.

SB2302 (Related) 2020-01-08 - By Senator Barrasso from Committee on Environment and Public Works filed written report. Report No. 116-200.
HB2475 (Same As) 2019-05-03 - Referred to the Subcommittee on Highways and Transit.
HB7095 (Related) 2020-06-05 - Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
HB2 (Related) 2020-07-20 - Received in the Senate.
HR1028 (Similar To) 2020-06-30 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/353/all-info
Text	https://www.congress.gov/116/bills/s353/BILLS-116s353is.pdf