Bill > HR4442

This bill modifies existing transportation and development funding regulations by expanding eligibility for direct loans and loan guarantees under the Railroad Rehabilitation and Improvement Program (RRIF). Specifically, the bill allows financing for economic development projects that are physically connected to or within a quarter-mile of a fixed guideway transit station using rail or a catenary system, are at least 2 miles from a downtown core not serviced by intercity passenger rail, and include private investment of over 20% of total project costs. The bill introduces new definitions for "downtown core" as an area with the highest concentration of office space or employment density, officially designated by local planning authorities. It also creates an extended eligibility radius provision for projects near intercity passenger rail stations, allowing projects to be considered within 2 miles of the nearest downtown core if there is public transportation connecting the station to that core. These changes aim to facilitate transit-oriented development and encourage private investment in infrastructure and related commercial and residential projects near transportation hubs.

Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/4442/all-info