S 3631 115th Congress Senate Transportation and Public Works

RAPID Act

Introduced: November 15, 2018 Introduced by: Cornyn, John Republican · Texas See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Nov 15, 2018

Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S7053)

Nov 15, 2018

Introduced in Senate

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Plain-English summary Congressional Research Service

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 timeline for public agency borrowers seeking secured loans; and (3) require DOT to publish status reports on program applications on the TIFIA website.

What's happening now November 15, 2018

Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S7053)

Bill text 1 version