To make technical amendments to title 49, United States Code, as necessary to improve the Code.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
This bill makes technical adjustments to Title 49 of the United States Code, which governs transportation. Specifically, it revises definitions and procedures related to the Railroad Rehabilitation and Improvement Financing program, including loan guarantees and direct loans. The amendments clarify cost calculations, reference relevant statutes and laws, and update references to specific legislative acts.
Key provisions
- Clarifies definitions related to loan guarantees and direct loans within the Railroad Rehabilitation and Improvement Financing program.
- Updates references to relevant statutes and laws, such as the Balanced Budget and Emergency Deficit Control Act and the Surface Transportation Investment Act of 2021.
- Modifies the way the cost of loans and loan guarantees are calculated.
- Revises references to government-sponsored entities.
- Updates citations to specific sections of the Federal Credit Reform Act of 1990.
- Adjusts references to Public Laws, including 114-94 and 117-58.
- Streamlines language related to actions by the Office of Management and Budget.
- Modifies grant conditions related to the National Surface Transportation and Innovative Finance Bureau.
Who is affected
- Railroad companies
- Government agencies involved in transportation financing
- Federal credit unions
Bill text
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1 on record
Primary sponsor
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