I 
117TH CONGRESS 
1ST SESSION H. R. 3651 
To amend title 23, United States Code, to improve the transportation infra-
structure finance and innovation (TIFIA) program, and for other pur-
poses. 
IN THE HOUSE OF REPRESENTATIVES 
JUNE 1, 2021 
Mr. ALLRED (for himself and Mr. GALLAGHER) introduced the following bill; 
which was referred to the Committee on Transportation and Infrastructure 
A BILL 
To amend title 23, United States Code, to improve the 
transportation infrastructure finance and innovation 
(TIFIA) program, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Revitalizing American 
Priorities for Infrastructure Development Act’’ or the 
‘‘RAPID Act’’. 
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SEC. 2. TRANSPORTATION INFRASTRUCTURE FINANCE AND 
INNOVATION PROGRAM. 
(a) ELIGIBILITY.—Section 602(a)(2) of title 23, 
United States Code, is amended— 
(1) in subparagraph (A)(iv)— 
(A) by striking ‘‘a rating’’ and inserting 
‘‘an investment-grade rating’’; and 
(B) by striking ‘‘$75,000,000’’ and insert-
ing ‘‘$150,000,000’’; and 
(2) in subparagraph (B)— 
(A) by striking ‘‘the senior debt’’ and in-
serting ‘‘senior debt’’; and 
(B) by striking ‘‘credit instrument is for 
an amount less than $75,000,000’’ and insert-
ing ‘‘total amount of other senior debt and the 
Federal 
credit 
instrument 
is 
less 
than 
$150,000,000’’. 
(b) STREAMLINED APPLICATION PROCESS.—Section 
603(f) of title 23, United States Code, is amended by add-
ing at the end the following: 
‘‘(3) ADDITIONAL TERMS FOR EXPEDITED DE-
CISIONS.— 
‘‘(A) IN
GENERAL.—Not later than 120 
days after the date of enactment of this para-
graph, the Secretary shall implement an expe-
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dited decision timeline for public agency bor-
rowers seeking secured loans that meet— 
‘‘(i) the terms under paragraph (2); 
and 
‘‘(ii) the additional criteria described 
in subparagraph (B). 
‘‘(B) ADDITIONAL
CRITERIA.—The addi-
tional criteria referred to in subparagraph 
(A)(ii) are the following: 
‘‘(i) The secured loan is made on 
terms and conditions that substantially 
conform to the conventional terms and 
conditions established by the National Sur-
face Transportation Innovative Finance 
Bureau. 
‘‘(ii) The secured loan is rated in the 
A category or higher. 
‘‘(iii) The TIFIA program share of el-
igible project costs is 33 percent or less. 
‘‘(iv) The applicant demonstrates a 
reasonable expectation that the contracting 
process for the project can commence by 
not later than 90 days after the date on 
which a Federal credit instrument is obli-
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gated for the project under the TIFIA pro-
gram. 
‘‘(v) The project has received a cat-
egorical exclusion, a finding of no signifi-
cant impact, or a record of decision under 
the National Environmental Policy Act of 
1969 (42 U.S.C. 4321 et seq.). 
‘‘(C) WRITTEN
NOTICE.—The Secretary 
shall provide to an applicant seeking a secured 
loan under the expedited decision process under 
this paragraph a written notice informing the 
applicant whether the Secretary has approved 
or disapproved the application by not later than 
180 days after the date on which the Secretary 
submits to the applicant a letter indicating that 
the National Surface Transportation Innovative 
Finance Bureau has commenced the credit-
worthiness review of the project.’’. 
(c) STATUS REPORTS.—Section 609 of title 23, 
United States Code, is amended by adding at the end the 
following: 
‘‘(c) STATUS REPORTS.— 
‘‘(1) IN GENERAL.—The Secretary shall publish 
on the website for the TIFIA program— 
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‘‘(A) on a monthly basis, a current status 
report on all submitted letters of interest and 
applications received for assistance under the 
TIFIA program; and 
‘‘(B) on a quarterly basis, a current status 
report on all approved applications for assist-
ance under the TIFIA program. 
‘‘(2) INCLUSIONS.—Each monthly and quar-
terly status report under paragraph (1) shall in-
clude, at a minimum, with respect to each project in-
cluded in the status report— 
‘‘(A) the name of the party submitting the 
letter of interest or application; 
‘‘(B) the name of the project; 
‘‘(C) the date on which the letter of inter-
est or application was received; 
‘‘(D) the estimated project eligible costs; 
‘‘(E) the type of credit assistance sought; 
and 
‘‘(F) the anticipated fiscal year and quar-
ter for closing of the credit assistance.’’. 
Æ 
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