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S 250 107th Congress Senate Taxation Alaska Bonds Capital investments Commerce Congress Congressional reporting requirements Cost effectiveness Economics and Public Finance Federal aid highway program Finance and Financial Sector Government Operations and Politics Government corporations Government trust funds Highspeed trains Income tax Infrastructure Land transfers Local taxation Mass rapid transit

High-Speed Rail Investment Act of 2001

Introduced: February 6, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 13, 2001
Star Print ordered on the bill.
Feb 6, 2001
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1068-1071)
Feb 6, 2001
Sponsor introductory remarks on measure. (CR S1068)
Feb 6, 2001
Introduced in Senate
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 Plain-English summary Congressional Research Service
High-Speed Rail Investment Act of 2001 - Amends the Internal Revenue Code to allow a tax credit (to be included in gross income as interest) to holders of qualified Amtrak bonds issued by the National Railroad Passenger Corporation.

Requires, with exceptions, State matching contributions for qualifying projects, which shall be used to redeem project-specific bonds, and if amounts remain, to fund other projects or bonds. Treats such contributions as tax-exempt facility bonds. Eliminates, for tax exemption for purposes, the governmental ownership requirement for mass commuting facility bonds.

Authorizes the Secretary of Transportation to allocate bond funds for Alaska Railroad issuances.

Requires the Corporation to annually submit a multi-year capital spending plan.

What's happening now February 13, 2001

Star Print ordered on the bill.

 Related & companion bills 1
  • HR 2329 Companion bill High-Speed Rail Investment Act of 2001
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 6
All 6 Democratic 5 Republican 1
D
Cantwell, Maria
Washington · Apr 2, 2001
 D
Reed, Jack
Rhode Island · Mar 6, 2001
 R
Collins, Susan M.
Maine · Feb 6, 2001
 D
Durbin, Richard J.
Illinois · Feb 6, 2001
 D
Murray, Patty
Washington · Feb 6, 2001
 D
Schumer, Charles E.
New York · Feb 6, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). S. 250: High-Speed Rail Investment Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-S-250/
MLA
"S. 250: High-Speed Rail Investment Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-250/.
Bluebook (legal)
S. 250, 107th Cong. (2026), https://openamerica.io/bill/107-S-250/.
Markdown link
[S. 250: High-Speed Rail Investment Act of 2001](https://openamerica.io/bill/107-S-250/)
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