United States · Bill · S
S. 941 (117th)
RAPID Act
Introduced
24 March 2021
Last action
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Status
Read twice and referred to the Committee on Environment and Public Works.
Sponsors
—
Subjects
Discovery layer
Source updated
5 December 2025
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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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 24 March 2021
Introduced in Senate (PDF)
Introduced in Senate · EN · 24 March 2021
Introduced in Senate
summary · EN · 24 March 2021
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/941
- Open data entity: https://api.congress.gov/v3/bill/117/s/941