Funds have yet to be provided in any Presidential budget proposal to support the program.
Young expressed concern that the Administration was defying the will of Congress, embodied in TEA 21, by enacting the regulations that impeded the issuance of loans under the RRIF Program. All of our railroads, large and small, as well as their intermodal transportation partners, are potential beneficiaries of this program, and it must be made operative and user-friendly right away. The Subcommittee will work diligently on a bipartisan basis, whether through legislation or negotiations with the Administration, to help railroad companies make much-needed infrastructure improvements. We must do everything in our power to modernize our railroads to make them safer and more efficient. The rail management and labor representatives also gave their support to H.R. 1020, The Railroad Track Modernization Act of 2001 .