summary
Introduced
05/18/2021
05/18/2021
In Committee
05/19/2021
05/19/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th 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.
AI Summary
This bill, the Railroad Rehabilitation and Improvement Financing Equity Act, requires 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. Specifically, the bill amends the Railroad Revitalization and Regulatory Reform Act of 1976 to require the Secretary to repay the credit risk premiums, with accrued interest, for loans in "cohort 3" within 60 days of the obligations being satisfied. For loans where the obligations have already been satisfied, the Secretary must repay the premiums, with interest, within 60 days of the enactment of this bill.
Committee Categories
Transportation and Infrastructure
Sponsors (4)
Last Action
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. (on 05/19/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/3318/all-info |
| BillText | https://www.congress.gov/117/bills/hr3318/BILLS-117hr3318ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr3318/BILLS-117hr3318ih.pdf.pdf |
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