summary
Introduced
04/03/2020
04/03/2020
In Committee
04/06/2020
04/06/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
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, requires the Secretary of Transportation to refund the credit risk premiums paid under the Railroad Rehabilitation and Improvement Financing (RRIF) loan program upon the satisfaction of a loan's obligations. The bill specifically directs the Department of Transportation to repay the credit risk premiums, with accrued interest, for loans in "cohort 3" (as defined in a 2018 memorandum) within 60 days of the obligations being satisfied. For loans where the obligations have already been satisfied at the time of the bill's enactment, the Secretary must repay the premiums and interest within 60 days of the bill's enactment.
Committee Categories
Transportation and Infrastructure
Sponsors (5)
Last Action
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. (on 04/06/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/6452/all-info | 04/04/2020 |
| BillText | https://www.congress.gov/116/bills/hr6452/BILLS-116hr6452ih.pdf | 04/19/2020 |
| Bill | https://www.congress.gov/116/bills/hr6452/BILLS-116hr6452ih.pdf.pdf | 04/19/2020 |
Loading...