RAPID Act
This bill did not become law and its session has ended, so it can no longer move. It would have to be reintroduced.
- Stage
- Session ended
- Started in
- Senate
- Latest action
- Nov 15, 2018
Where it stands
Introduced (Current step)
Committee (Needs attention)
Floor (Not started)
Law (Not started)
What it does
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.
Official summary · Introduced in Senate · Nov 15, 2018
Titles and provisions can change as the bill moves.
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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