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Railroad Loan Fee Refunds: Boosting Transport Infrastructure.

This act requires the government to refund credit risk premiums paid by railroad companies for infrastructure development loans. This means that once a loan is repaid, these companies will receive a refund of additional costs, potentially encouraging further investment in rail transport, which could improve service quality and travel safety for citizens.
Key points
Railroad companies will receive refunds for credit risk premiums after repaying infrastructure loans.
Refunds will include accrued interest and be processed within 60 days of loan satisfaction or the act's enactment.
The aim is to support investments in rail transport, potentially leading to better connections and safer travel.
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Expired
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Additional Information
Print number: 117_S_1818
Sponsor: Sen. Hickenlooper, John W. [D-CO]
Process start date: 2021-05-25
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Railroad Rehabilitation and Improvement Financing Equity Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1818.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-05-25.

What are the main provisions?

Key points include:

  • Railroad companies will receive refunds for credit risk premiums after repaying infrastructure loans.
  • Refunds will include accrued interest and be processed within 60 days of loan satisfaction or the act's enactment.
  • The aim is to support investments in rail transport, potentially leading to better connections and safer travel.
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 Sen. Hickenlooper, John W. [D-CO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Transport Public Investments Economy