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S 468 117th Congress Senate Transportation and Public Works Alternative dispute resolution, mediation, arbitration Civil actions and liability Economic development Employee benefits and pensions Government information and archives Government lending and loan guarantees Infrastructure development Interest, dividends, interest rates Labor-management relations Railroads Transportation employees Transportation programs funding

Railroad Rehabilitation and Financing Innovation Act

Introduced: February 25, 2021 Introduced by: Thune, John Republican · South Dakota 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 2021
Read twice and referred to the Committee on Commerce, Science, and Transportation. (text: CR S894-899)
Feb 25, 2021
Introduced in Senate
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 Plain-English summary Congressional Research Service

Railroad Rehabilitation and Financing Innovation Act

This bill revises and reauthorizes through FY2026 the Railroad Rehabilitation and Improvement Financing loan program of the Department of Transportation (DOT).

For example, the bill revises the program to direct DOT to provide direct loans and loan guarantees to private entities with controlling ownership in one or more freight railroads other than Class 1 carriers.

Additionally, the bill provides DOT with flexibility in evaluating the types of collateral an applicant or infrastructure partner may propose under the program.

The bill also establishes an expedited application review process under the program for loans meeting certain financial and operational criteria. DOT must also provide applicants with regular updates on the status of their applications.

What's happening now February 25, 2021

Read twice and referred to the Committee on Commerce, Science, and Transportation. (text: CR S894-899)

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Hassan, Margaret Wood
New Hampshire · Feb 25, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 468: Railroad Rehabilitation and Financing Innovation Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-468/
MLA
"S. 468: Railroad Rehabilitation and Financing Innovation Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-468/.
Bluebook (legal)
S. 468, 117th Cong. (2026), https://openamerica.io/bill/117-S-468/.
Markdown link
[S. 468: Railroad Rehabilitation and Financing Innovation Act](https://openamerica.io/bill/117-S-468/)
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