Bill > HR2474

This bill amends the Railroad Revitalization and Regulatory Reform Act of 1976 to allow the Secretary to pay, in whole or in part, the credit risk premiums required for loans or loan guarantees granted under this Act. It sets aside at least $100 million per fiscal year for passenger rail projects and authorizes $300 million per year from 2022 to 2027 for this purpose. The bill also expands the eligible applicants for this program to include private entities with controlling ownership in freight railroads other than Class I carriers, and broadens the allowable uses of the Railroad Rehabilitation and Improvement Financing (RRIF) program to include more types of rail infrastructure projects and planning, permitting, and design expenses. Additionally, it modifies the collateral and appraisal standards for RRIF loans and increases the maximum loan repayment period from 35 to 50 years.

Transportation and Infrastructure

https://www.congress.gov/bill/117th-congress/house-bill/2474/all-info