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United States · Bill · HR

H.R. 2475 (116th)

RAPID Act

referredUnited States· United States Congress· EN

Introduced

2 May 2019

Last action

3 May 2019 · Referred

Status

Referred to the Subcommittee on Highways and Transit.

Sponsors

Colin Allred, Rep. Gallagher, Mike [R-WI-8]

Subjects

Transport

Source updated

5 December 2025

Transport

Official sourceDownload fileView documentsShare

Summary

Revitalizing American Priorities for Infrastructure Development Act or the RAPID Act This bill revises the transportation infrastructure finance and innovation (TIFIA) program to (1) require program applicants to obtain investment grade ratings from at least two credit rating agencies, unless the federal credit instrument is less than $150 million (currently, less than $75 million), in which case one rating will suffice; (2) require the Department of Transportation (DOT) to implement an expedited decision timeline for public agency borrowers seeking secured loans; and (3) require DOT to publish status reports on program applications on the TIFIA website.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 2 May 2019

    Introduced

    Referred to the House Committee on Transportation and Infrastructure.

    Source: IntroReferral

  2. 2 May 2019

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 2 May 2019

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 3 May 2019

    Referred

    Referred to the Subcommittee on Highways and Transit.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 2 May 2019

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 2 May 2019

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 2 May 2019

    Open at official source

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Sponsors

Related records

Sources

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