RAPID Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (May 2, 2019)
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 happenedMay 3, 2019
Referred to the Subcommittee on Highways and Transit.
Who’s behind it
- Introduced in HouseMay 2, 2019
- May 3, 2019Committee
Referred to the Subcommittee on Highways and Transit.
Highways and Transit Subcommittee - May 2, 2019IntroReferralH11100
Referred to the House Committee on Transportation and Infrastructure.
Transportation and Infrastructure Committee - May 2, 2019IntroReferralIntro-H
Introduced in House
- May 2, 2019IntroReferral1000
Introduced in House