summary
Introduced
07/23/2019
07/23/2019
In Committee
07/23/2019
07/23/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to require the Secretary of Transportation to repay the credit risk premiums paid with respect to certain railroad infrastructure loans after the obligations attached to such loans have been satisfied. This bill directs the Department of Transportation to refund credit risk premiums under the Railroad Rehabilitation and Improvement Financing loan program upon the satisfaction of a loan's obligations.
AI Summary
This bill, the Railroad Rehabilitation and Improvement Financing Equity Act, directs the Department of Transportation to refund credit risk premiums under the Railroad Rehabilitation and Improvement Financing (RRIF) loan program upon the satisfaction of a loan's obligations. Specifically, the bill requires the Secretary of Transportation to repay the credit risk premiums paid, with interest, within 60 days after the date on which all obligations attached to each such loan have been satisfied. The bill also authorizes the appropriation of necessary funds to cover the cost of any direct loan modifications required to implement this refund provision.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
Read twice and referred to the Committee on Commerce, Science, and Transportation. (on 07/23/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/2213/all-info | 07/24/2019 |
| BillText | https://www.congress.gov/116/bills/s2213/BILLS-116s2213is.pdf | 07/31/2019 |
| Bill | https://www.congress.gov/116/bills/s2213/BILLS-116s2213is.pdf.pdf | 07/31/2019 |
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