Congress 109 - HR 2992 - True Reinvestment for Amtrak Infrastructure in the 21st Century Act

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Administrative procedure Alabama Alaska Auditing Authorization Bonds Bridges California Capital budgets Capital investments Commerce Congress Congressional reporting requirements Construction industries Construction workers Corporation directors Department of Transportation Economic impact statements Economics and Public Finance Employee rights Employee stock options Energy Energy efficiency Environmental assessment Environmental Protection Executive reorganization Federal advisory bodies Federal aid to transportation Federal incorporation Federal-state relations Finance and Financial Sector Government contractors Government corporations Government Operations and Politics Government paperwork Highspeed ground transportation Highway finance Income tax Infrastructure Intermodal transportation Interstate compacts Labor and Employment Land use Law Losses Louisiana Maintenance and repair Minimum wages Mississippi Motor vehicle pollution control National Railroad Passenger Corporation (Amtrak) Nevada Nonprofit organizations Performance measurement Planning-programming-budgeting Railroad commuting traffic Railroad engineering Railroad finance Railroad freight operations Railroad passenger traffic Railroad safety Railroad terminals Railroads Relocation Revolving funds Science, Technology, Communications Security measures Social Welfare Stocks Tax credits Tax returns Tax-exempt securities Taxation Technological innovations Tennessee Texas Traffic accidents and safety Traffic congestion Traffic signs and signals Transportation and Public Works Transportation planning Trusts and trustees Tunnels Wages

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Summary

True Reinvestment for Amtrak Infrastructure in the 21st Century Act - Amends federal transportation law to authorize appropriations for Amtrak for FY2006-2011 for: (1) capital expenditures and operating expenses; (2) certain mandatory payments; and (3) Amtrak's contractual obligations for commuter and state-supported passenger rail service.

Requires Amtrak to transmit annually to the Secretary of Transportation and Congress a comprehensive business plan, including targets for ridership and for each intercity train route (including Autotrain), revenues, and capital and operating expenses. Prohibits the use of amounts appropriated under this Act to subsidize operating losses of commuter rail passenger or rail freight transportation.

Requires rail infrastructure improvement projects financed by this Act to comply with specified employee labor standards, including the prevailing wage requirements of the Davis-Bacon Act.

Amends the Amtrak Reform and Accountability Act of 1997 to repeal establishment of the Amtrak Reform Council.

Establishes an Enhanced Rail Service Corridor Pilot Program to support certain corridor rail infrastructure projects undertaken by states or multi-state compacts, using funding provided through the Rail Infrastructure Finance Corporation (established by this Act).

Amends federal transportation law to authorize states to prepare and maintain a state rail plan that sets forth state policy involving freight and passenger rail transportation, including commuter rail operations.

Amends federal highway law to designate additional high-speed rail corridors as eligible for surface transportation funds for the elimination of hazards of railway-highway crossings.

Establishes a nonprofit and nonpolitical Rail Infrastructure Finance Corporation to provide financial support for certain rail infrastructure improvement projects through issuance of qualified rail infrastructure bonds. Establishes a Rail Infrastructure Finance Trust.

Amends the Internal Revenue Code to allow a tax credit to a holder of a qualified rail infrastructure bond.

Actions

Jun 21, 2005

Referred to the Subcommittee on Railroads.
Jun 20, 2005

Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jun 20, 2005

Sponsor introductory remarks on measure. (CR E1290-1291)
Jun 20, 2005

Introduced in House

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