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HR 2474 117th Congress House Transportation and Public Works Department of Transportation Government lending and loan guarantees Infrastructure development Public-private cooperation Railroads Transportation programs funding

Invest in American Railroads Act

Introduced: April 13, 2021 See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 14, 2021
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Apr 13, 2021
Referred to the House Committee on Transportation and Infrastructure.
Apr 13, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Invest in American Railroads Act

This bill revises and expands the Railroad Rehabilitation and Improvement Financing program of the Department of Transportation (DOT).

Specifically, the bill

  • authorizes DOT to pay certain credit risk premiums for loans or loan guarantees;
  • requires DOT to set aside at least $100 million for passenger rail projects in a given fiscal year;
  • 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;
  • 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;
  • sets forth collateral and appraisal standards under the program; and
  • 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.
What's happening now April 14, 2021

Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

 Related & companion bills 1
  • S 2016 Related bill Surface Transportation Investment Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Pappas, Chris
New Hampshire · Apr 13, 2021
 R
Smucker, Lloyd
Pennsylvania · Apr 13, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2474: Invest in American Railroads Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-2474/
MLA
"H.R. 2474: Invest in American Railroads Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-2474/.
Bluebook (legal)
H.R. 2474, 117th Cong. (2026), https://openamerica.io/bill/117-HR-2474/.
Markdown link
[H.R. 2474: Invest in American Railroads Act](https://openamerica.io/bill/117-HR-2474/)
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