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Railroad Support: New Funds and Rules for Passenger and Freight

This act aims to increase financial support for railroad projects in the U.S., covering both passenger and freight services. Citizens may experience improved quality and accessibility of rail services due to new investments in infrastructure and equipment. The changes will also facilitate the financing of large transportation projects, potentially leading to better connections and faster freight transport.
Key points
The government can now pay credit risk premiums for railroad loans and guarantees, with at least $100 million annually set aside for passenger rail projects.
Increased support for private freight railroads that are not Class I carriers.
Expanded uses for funds to modernize and build rail infrastructure, including stations, tracks, and facilities.
The maximum repayment period for railroad loans has been extended from 35 to 50 years, facilitating long-term investments.
Proceeds from federal loans, if repayable from non-federal funds, can now be used as the non-federal share in other infrastructure programs.
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Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_2474
Sponsor: Rep. Kuster, Ann M. [D-NH-2]
Process start date: 2021-04-13
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Invest in American Railroads Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2474.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-13.

What are the main provisions?

Key points include:

  • The government can now pay credit risk premiums for railroad loans and guarantees, with at least $100 million annually set aside for passenger rail projects.
  • Increased support for private freight railroads that are not Class I carriers.
  • Expanded uses for funds to modernize and build rail infrastructure, including stations, tracks, and facilities.
  • The maximum repayment period for railroad loans has been extended from 35 to 50 years, facilitating long-term investments.
  • Proceeds from federal loans, if repayable from non-federal funds, can now be used as the non-federal share in other infrastructure programs.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kuster, Ann M. [D-NH-2].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Transport Public Investments Economy