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Bill107th CongressFiled Jul 23, 2001Transportation and Public Works
S. 1220

Railroad Track Modernization Act of 2002

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What it doesSummary reported to senate with amendment(s) (Aug 1, 2002)

Railroad Track Modernization Act of 2002 - (Sec. 2) Amends Federal rail transportation law to direct the Secretary of Transportation to establish a program of capital grants to class II and class III railroads (or with the concurrence of such railroads, to a State or local government) to rehabilitate, preserve, or improve railroad track (including roadbed, bridges, and related track structures) used primarily for freight transportation to a standard ensuring that it can be operated safely and efficiently and accommodate 286,000 pound rail cars.

Declares that the Federal share of costs for such projects shall be 80 percent.

Sets forth certain grant and project requirements.

Authorizes the Secretary also to make grants to supplement direct loans or loan guarantees (including for paying credit risk premiums, lowering rates of interest, or providing for a holiday on principal payments) for projects primarily benefitting non-class I freight railroad carriers.

Sets forth certain employee protection and prevailing wage requirements with respect to projects financed by such grants.

Directs the Secretary to study and report to Congress on such projects to determine the public interest benefits associated with light density railroad networks in the States and their contribution to a multimodal transportation system.

Authorizes appropriations for FY 2003 through 2005.

Directs the Secretary to carry out a program to provide financial assistance for local rail line relocation projects.

Sets forth certain grant requirements.

Declares that the Federal share of costs for such projects shall be 90 percent.

Authorizes appropriations for FY 2003 through 2007.

What just happenedAug 1, 2002

Placed on Senate Legislative Calendar under General Orders. Calendar No. 548.

Who’s behind it

Sen. Breaux, John B. [D-LA](D-LA)Sponsor
11 cosponsors5 D6 R
Read on Congress.gov
11cosponsors1committees7actions2related bills34subjects
  1. Aug 1, 2002Calendars

    Placed on Senate Legislative Calendar under General Orders. Calendar No. 548.

  2. Aug 1, 2002Committee

    Committee on Commerce, Science, and Transportation. Reported by Senator Hollings with amendments. With written report No. 107-238.

    Commerce, Science, and Transportation Committee
  3. Aug 1, 2002Committee14000

    Committee on Commerce, Science, and Transportation. Reported by Senator Hollings with amendments. With written report No. 107-238.

    Commerce, Science, and Transportation Committee
  4. Apr 18, 2002Committee

    Committee on Commerce, Science, and Transportation. Ordered to be reported with amendments favorably.

    Commerce, Science, and Transportation Committee
  5. Jul 23, 2001IntroReferral

    Read twice and referred to the Committee on Commerce, Science, and Transportation. (text of measure as introduced: CR S8067)

    Commerce, Science, and Transportation Committee
  6. Jul 23, 2001IntroReferralB00100

    Sponsor introductory remarks on measure. (CR S8066-8067)

  7. Jul 23, 2001IntroReferral10000

    Introduced in Senate

Reported to Senate with amendment(s)Aug 1, 200201
Railroad Track Modernization Act of 2002 - (Sec. 2) Amends Federal rail transportation law to direct the Secretary of Transportation to establish a program of capital grants to class II and class III railroads (or with the concurrence of such railroads, to a State or local government) to rehabilitate, preserve, or improve railroad track (including roadbed, bridges, and related track structures) used primarily for freight transportation to a standard ensuring that it can be operated safely and efficiently and accommodate 286,000 pound rail cars.

Declares that the Federal share of costs for such projects shall be 80 percent.

Sets forth certain grant and project requirements.

Authorizes the Secretary also to make grants to supplement direct loans or loan guarantees (including for paying credit risk premiums, lowering rates of interest, or providing for a holiday on principal payments) for projects primarily benefitting non-class I freight railroad carriers.

Sets forth certain employee protection and prevailing wage requirements with respect to projects financed by such grants.

Directs the Secretary to study and report to Congress on such projects to determine the public interest benefits associated with light density railroad networks in the States and their contribution to a multimodal transportation system.

Authorizes appropriations for FY 2003 through 2005.

Directs the Secretary to carry out a program to provide financial assistance for local rail line relocation projects.

Sets forth certain grant requirements.

Declares that the Federal share of costs for such projects shall be 90 percent.

Authorizes appropriations for FY 2003 through 2007.

Introduced in SenateJul 23, 200100
Railroad Track Modernization Act of 2001 - Amends Federal rail transportation law to direct the Secretary of Transportation to establish a program of capital grants to class II and class III railroads (or with the concurrence of such railroads, to a State or local government) to rehabilitate, preserve, or improve railroad track (including roadbed, bridges, and related track structures) used primarily for freight transportation to a standard ensuring that it can be operated safely and efficiently and accommodate 286,000 pound rail cars.

Authorizes the Secretary to also make grants to supplement direct loans or loan guarantees (including for paying credit risk premiums, lowering rates of interest, or providing for a holiday on principal payments) for projects primarily benefitting non-class I freight railroad carriers.

Sets forth certain employee protection and prevailing wage requirements with respect to projects financed by such grants.

Directs the Secretary to study and report to Congress on such projects to determine the public interest benefits associated with the light density railroad networks in the States and their contribution to a multimodal transportation system.