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[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3217 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 3217

To improve and provide increased access to the Railroad Rehabilitation 
                   and Improvement Financing program.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                            October 14, 2011

Ms. Brown of Florida introduced the following bill; which was referred 
         to the Committee on Transportation and Infrastructure

_______________________________________________________________________

                                 A BILL

 
To improve and provide increased access to the Railroad Rehabilitation 
                   and Improvement Financing program.

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

SECTION 1. RAILROAD REHABILITATION AND IMPROVEMENT FINANCING.

    Section 502 of the Railroad Revitalization and Regulatory Reform 
Act of 1976 (45 U.S.C. 822) is amended--
            (1) in subsection (b)(1)--
                    (A) by striking ``or'' at the end of subparagraph 
                (B);
                    (B) by striking the period at the end of 
                subparagraph (C) and inserting ``; or''; and
                    (C) by adding at the end the following new 
                subparagraph:
                    ``(D) carry out development phase activities, 
                including planning, feasibility analysis, revenue 
                forecasting, environmental review, permitting, 
                preliminary engineering and design work, and other 
                preconstruction activities.'';
            (2) in subsection (e), by adding at the end of the 
        following new paragraph:
            ``(3) Interest rate reduction.--Subject to the availability 
        of funds authorized by subsection (k), the Secretary may reduce 
        the interest to be paid on direct loans provided to entities 
        described in paragraphs (1) through (4) of subsection (a), for 
        the sole purpose of installing a positive train control system 
        as defined in section 20157(i) of title 49, United States 
        Code.'';
            (3) in subsection (f)(1) by striking ``under this section 
        a'' and inserting ``under this section private insurance, 
        including bond insurance, and any other'';
            (4) in subsection (f)(3), by inserting ``or, at the 
        discretion of the Secretary, in a series of payments over the 
        term of the loan. If insurance, including bond insurance, is 
        used, the policy premium shall be paid for before the loan is 
        disbursed'' after ``of loan amounts'';
            (5) in paragraph (3) of subsection (h) by--
                    (A) striking ``and'' at the end of subparagraph 
                (A);
                    (B) striking ``guarantee.'' at the end of 
                subparagraph (B) and inserting ``guarantee; and''; and
                    (C) inserting after subparagraph (B) the following 
                new subparagraph:
            ``(C) the grant requirements of section 24405(a) of title 
        49, United States Code.''; and
            (6) by adding at the end of the following new subsection:
    ``(k) Authorization of Appropriations.--There are authorized to be 
appropriated to the Secretary for purposes of carrying out subsection 
(e)(3) such funds as may be necessary for the period encompassing 
fiscal years 2012 through 2017.''.
                                 <all>
```