legislation: 115-s-3631
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
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| 115-s-3631 | 115 | s | 3631 | RAPID Act | Transportation and Public Works | 2018-11-15 | 2018-11-15 | Read twice and referred to the Committee on Environment and Public Works. (text of measure as introduced: CR S7053) | Senate | Sen. Cornyn, John [R-TX] | TX | R | C001056 | 1 | 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. | 2023-01-11T13:40:56Z |