S 353
116th Congress
Senate
Transportation and Public Works
Government information and archives
Government lending and loan guarantees
Public transit
Roads and highways
Transportation programs funding
RAPID Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 6, 2019
Read twice and referred to the Committee on Environment and Public Works.
Feb 6, 2019
Introduced in Senate
Plain-English summary
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
Read twice and referred to the Committee on Environment and Public Works.
Committees of jurisdiction
1
Cosponsors
1