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Streamlining Transport Infrastructure Funding: Faster Projects, Greater Transparency

The new law, known as the RAPID Act, aims to accelerate and simplify the financing of large transportation projects, such as roads and bridges. It increases the minimum project value eligible for support and introduces a faster decision-making path for certain applications. As a result, citizens can expect quicker implementation of investments that improve travel quality and safety.
Key points
Increasing the minimum value of infrastructure projects eligible for financial support from $75 million to $150 million, focusing on larger, potentially more significant investments.
Introducing an expedited decision-making process for transportation project loan applications, which can shorten the waiting time for approval and construction commencement.
Mandating monthly and quarterly status reports on all applications and approved projects, increasing transparency in public spending on infrastructure.
article Official text account_balance Process page
Expired
Citizen Poll
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Additional Information
Print number: 117_HR_3651
Sponsor: Rep. Allred, Colin Z. [D-TX-32]
Process start date: 2021-06-01
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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

RAPID Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3651.

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 2021-06-01.

What are the main provisions?

Key points include:

  • Increasing the minimum value of infrastructure projects eligible for financial support from $75 million to $150 million, focusing on larger, potentially more significant investments.
  • Introducing an expedited decision-making process for transportation project loan applications, which can shorten the waiting time for approval and construction commencement.
  • Mandating monthly and quarterly status reports on all applications and approved projects, increasing transparency in public spending on infrastructure.
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. Allred, Colin Z. [D-TX-32].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Highways and Transit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Public Investments Transport