HR 2571 · 108th Congress 2003–2005, ended

Rail Infrastructure Development and Expansion Act for the 21st Century

Fact sheet

Latest action · Nov 6, 2003 Placed on the Union Calendar, Calendar No. 206.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJun 24, 2003
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Rail Infrastructure Development and Expansion Act for the 21st Century - (Sec. 2) Amends Federal transportation law known as the Swift Rail Development Act (or the Swift Act) to make corridor development activities (including the acquisition of locomotives, rolling stock, track, and signal equipment) eligible for Federal assistance. Authorizes appropriations for FY 2004 through 2011.

(Sec. 3) Amends specified Federal law to change from discretionary to mandatory the Secretary's authority to provide direct loans and loan guarantees for rail rehabilitation and improvement projects to State and local governments, interstate compacts, government sponsored authorities and corporations, railroads, and joint ventures that include at least one railroad.

Extends the meaning of railroad, for rail rehabilitation and infrastructure financing (RRIF) program purposes, to include modern high-speed ground transportation technology such as magnetic levitation.

Increases from $3.5 billion to $35 billion the aggregate unpaid principal amounts of obligations under direct loans and loan guarantees for the RRIF program at any one time. Increases from $1 million to $7 million the set-aside for projects primarily benefiting non-Class I freight railroads. Prohibits the Secretary from establishing any limit on the amount of one loan or loan guarantee issued under the program.

Revises requirements for cohorts of loans, allowing inclusion of loans and loan guarantees.

Prohibits the Secretary from requiring a direct loan or loan guarantee applicant to provide collateral, or from having previously sought financial assistance from another source. Requires the Secretary to require such applicants to apply to their projects certain prevailing wage, health and safety, and employee protection labor standards.

Requires the Secretary to approve or disapprove an application within 90 days after its submission.

Prohibits the Secretary from assessing fees, including user fees, or charges in connection with a direct loan or loan guarantee.

Directs the Secretary to make publicly available and to publish on the Department's website the substantive criteria and standards used in rendering a decision to approve or disapprove an application.

Cosponsors 5

Members who signed on, in the order they did. Signatures ran from Jun 24, 2003 to Sep 30, 2003, with 3 there on the day it was introduced.

SeatCosponsorSigned on
D-FLCorrine BrownOriginalJun 24, 2003
R-NYJack QuinnOriginalJun 24, 2003
D-MNJames L. OberstarOriginalJun 24, 2003
R-NYAmo HoughtonSep 15, 2003
R-MINick SmithSep 30, 2003

Actions 12

Everything that happened, newest first.

  1. Nov 6, 2003Placed on the Union Calendar, Calendar No. 206.
  2. Nov 6, 2003Reported (Amended) by the Committee on Ways and Means. H. Rept. 108-278, Part II.
  3. Oct 31, 2003House Committee on Ways and Means Granted an extension for further consideration ending not later than Nov. 7, 2003.
  4. Oct 28, 2003Committee Consideration and Mark-up Session Held.
  5. Oct 28, 2003Ordered to be Reported Without Recommendation (Amended) by Voice Vote.

Subjects

Assigned by the Library of Congress. Policy area: Transportation and Public Works.

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