I 
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 Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. RAILROAD REHABILITATION AND IMPROVE-
MENT FINANCING. 
Section 502 of the Railroad Revitalization and Regu-
latory Reform Act of 1976 (45 U.S.C. 822) is amended— 
(1) in subsection (b)(1)— 
(A) by striking ‘‘or’’ at the end of subpara-
graph (B); 
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(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 activi-
ties, including planning, feasibility analysis, rev-
enue forecasting, environmental review, permit-
ting, 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 sys-
tem 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 
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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 subpara-
graph (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 pur-
poses of carrying out subsection (e)(3) such funds as may 
be necessary for the period encompassing fiscal years 2012 
through 2017.’’. 
Æ 
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