RAPID Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Nov 15, 2018)
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.
What just happenedNov 15, 2018
Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S7053)
Who’s behind it
- Introduced in SenateNov 15, 2018
- Nov 15, 2018IntroReferral
Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S7053)
Environment and Public Works Committee - Nov 15, 2018IntroReferral10000
Introduced in Senate