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Senate Bill 1818
117th Congress(2021-2022)
Railroad Rehabilitation and Improvement Financing Equity Act
Introduced
Introduced
Introduced in Senate on May 25, 2021
Overview
Text
Introduced in Senate 
May 25, 2021
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Introduced in Senate(May 25, 2021)
May 25, 2021
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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S. 1818 (Introduced-in-Senate)


117th CONGRESS
1st Session
S. 1818


To require the Secretary of Transportation to repay the credit risk premiums paid with respect to certain railroad infrastructure loans after the obligations attached to such loans have been satisfied.

IN THE SENATE OF THE UNITED STATES

May 25, 2021

Mr. Hickenlooper (for himself and Mr. Bennet) introduced the following bill; which was read twice and referred to the Committee on Commerce, Science, and Transportation

A BILL

To require the Secretary of Transportation to repay the credit risk premiums paid with respect to certain railroad infrastructure loans after the obligations attached to such loans have been satisfied.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Railroad Rehabilitation and Improvement Financing Equity Act”.

SEC. 2. Credit risk premiums.

Section 502(f) of the Railroad Revitalization and Regulatory Reform Act of 1976 (45 U.S.C. 822(f)) is amended by adding at the end the following:

“(5) REFUND OF PREMIUMS.—The Secretary shall repay the credit risk premium of each loan in cohort 3 (as defined by the Department of Transportation’s memorandum to the Office of Management and Budget dated November 5, 2018), with interest accrued thereon, not later than 60 days after the date on which all obligations attached to each such loan have been satisfied. For each such loan for which obligations have already been satisfied, as of the date of enactment of the Railroad Rehabilitation and Improvement Financing Equity Act, the Secretary shall repay the credit risk premium of each such loan, with interest accrued thereon, not later than 60 days after the date of the enactment of such Act.”.