HR 7341 RFS
‘‘(ii) INCLUSION.—Calculation of the 
cost of a direct loan’’; 
(C) in subparagraph (C)— 
(i) by redesignating clauses (i) and 
(ii) as subclauses (I) and (II); 
(ii) by striking ‘‘(C) The cost’’ and in-
serting the following: 
‘‘(C) LOAN GUARANTEE.— 
‘‘(i) IN GENERAL.—The cost’’; and 
(iii) by striking ‘‘Calculation of the 
cost of a loan guarantee’’ and inserting the 
following: 
‘‘(ii) INCLUSION.—Calculation of the 
cost of a loan guarantee’’; 
(D) in subparagraph (D), by striking ‘‘(D) 
The cost’’ and inserting the following: 
‘‘(D) MODIFICATION.—The cost’’; 
(E) in subparagraph (E), by striking ‘‘(E) 
In estimating’’ and inserting the following: 
‘‘(E) NET
PRESENT
VALUES.—In esti-
mating’’; and 
(F) in subparagraph (F), by striking ‘‘(F) 
When funds’’ and inserting the following: 
‘‘(F) BASIS OF ESTIMATED COST.—When 
funds’’; 
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(2) in paragraph (2), by inserting ‘‘(2 U.S.C. 
900(c)(9))’’ after ‘‘Balanced Budget and Emergency 
Deficit Control Act of 1985’’; and 
(3) in paragraph (12)— 
(A) in subparagraph (A), by inserting ‘‘of 
this title’’ after ‘‘section 20102’’; and 
(B) in subparagraph (B), by inserting ‘‘of 
this title’’ after ‘‘section 24102’’. 
(b) DIRECT LOANS AND LOAN GUARANTEES.—Sec-
tion 22402 of title 49, United States Code, is amended— 
(1) in subsection (a)(3), by striking ‘‘govern-
ment sponsored’’ and inserting ‘‘government-spon-
sored’’; 
(2) in subsection (c)(1), by inserting ‘‘of this 
title’’ after ‘‘section 20157(i)’’; 
(3) in subsection (f)— 
(A) in paragraph (1), by inserting ‘‘(2 
U.S.C. 661c(b)(1))’’ after ‘‘section 504(b)(1) of 
the Federal Credit Reform Act of 1990’’; 
(B) in paragraph (5)— 
(i) in the matter before subparagraph 
(A)— 
(I) by inserting ‘‘of this title’’ 
after ‘‘section 22406(a)(2)’’; 
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(II) by striking ‘‘(Public Law 
114–94)’’ and inserting ‘‘(Public Law 
114–94, 129 Stat. 1312)’’; and 
(III) by striking ‘‘(Public Law 
94–210)’’ and inserting ‘‘(Public Law 
94–210, 90 Stat. 31)’’; and 
(ii) in subparagraph (A), by inserting 
‘‘(Public Law 117–58, div. B, 135 Stat. 
652)’’ after ‘‘Surface Transportation In-
vestment Act of 2021’’; and 
(C) in paragraph (7), by inserting ‘‘(Public 
Law 117–58, div. B, 135 Stat. 652)’’ after 
‘‘Surface Transportation Investment Act of 
2021’’; 
(4) in subsection (g)(1)(C)(ii)(II), by striking 
the period at the end and inserting a semicolon; 
(5) in subsection (h)(3)— 
(A) in subparagraph (A)— 
(i) by inserting ‘‘of this title’’ after 
‘‘section 24312’’; and 
(ii) by inserting ‘‘of this title’’ after 
‘‘section 24308(a)’’; and 
(B) in subparagraph (B), by inserting ‘‘of 
this title’’ after ‘‘section 22404’’; and 
(6) in subsection (i)— 
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(A) in paragraph (3)(B), by striking the 
heading ‘‘ACTIONS BY THE OFFICE OF MAN-
AGEMENT
AND BUDGET’’ and inserting the 
heading ‘‘ACTIONS BY THE OFFICE OF MANAGE-
MENT AND BUDGET’’; 
(B) in paragraph (4)(A)— 
(i) by inserting ‘‘(Public Law 117–58, 
div. B, 135 Stat. 652)’’ after ‘‘Surface 
Transportation Investment Act of 2021’’; 
and 
(ii) by striking ‘‘an streamlined’’ and 
inserting ‘‘a streamlined’’; and 
(C) in paragraph (6)(A)— 
(i) in clause (iv), by striking ‘‘refi-
nancing an’’ and inserting ‘‘refinancing of 
an’’; and 
(ii) in clause (ix), by inserting ‘‘of this 
title’’ after ‘‘section 5323(j)’’. 
(c) ADMINISTRATION OF DIRECT LOANS AND LOAN 
GUARANTEES.—Section 22403 of title 49, United States 
Code, is amended— 
(1) in subsection (a)(1), by inserting ‘‘of this 
title’’ after ‘‘section 22402’’; 
(2) in subsection (b), by inserting ‘‘of this title’’ 
after ‘‘section 22402’’; 
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(3) in subsection (c), by inserting ‘‘of this title’’ 
after ‘‘section 22402’’; 
(4) in subsection (d)(3), by inserting ‘‘of this 
title’’ after ‘‘section 22402(f)’’; 
(5) in subsection (g), in the matter before para-
graph (1), by inserting ‘‘of this title’’ after ‘‘section 
22402’’; 
(6) in subsection (h)(1), by inserting ‘‘of this 
title’’ after ‘‘section 22402’’; 
(7) in subsection (i)— 
(A) in the matter before paragraph (1), by 
inserting ‘‘of this title’’ after ‘‘section 22402’’ 
each place it appears; and 
(B) in paragraph (1), by striking ‘‘of this 
section’’; and 
(8) in subsection (m), by inserting ‘‘of this 
title’’ after ‘‘section 22402’’. 
(d) SUBSTANTIVE CRITERIA AND STANDARDS.—Sec-
tion 22405(1) of title 49, United States Code, is amended 
by inserting ‘‘of this title’’ after ‘‘section 22402’’. 
(e) AUTHORIZATION OF APPROPRIATIONS.—Section 
22406 of title 49, United States Code, is amended— 
(1) in the section heading, by striking the pe-
riod at the end; 
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