RAPID Act

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 time line for public agency borrowers seeking secured loans; and (3) require DOT to publish status reports on program applications on the TIFIA website.

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Timeline

1. 1 June 2021

   Introduced

   Referred to the House Committee on Transportation and Infrastructure.

   Source: IntroReferral

2. 1 June 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 June 2021

   Introduced

   Introduced in House

   Source: IntroReferral

4. 2 June 2021

   Referred

   Referred to the Subcommittee on Highways and Transit.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 1 June 2021 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 1 June 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 1 June 2021

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 1 June 2021

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Colin Allred · D · Sponsor
• Rep. Gallagher, Mike [R-WI-8] · R · Sponsor
• Rep. Torres, Norma J. [D-CA-35] · D · Cosponsor
• · hspw00 · Standing

Related records

• related to → Surface Transportation Reauthorization Act of 2021
• related to → RAPID Act
• related to ← Infrastructure Investment and Jobs Act
• related to ← RAPID Act