True Reinvestment for Amtrak Infrastructure in the 21st Century Act

Bill: 109-hr-2992
Sponsor: Rep. Menendez, Robert [D-NJ-13]
Introduced: 2005-06-20 in the House
Policy area: Transportation and Public Works
Subjects: Administrative procedure
Alabama
Alaska
Auditing
Authorization
Bonds
Bridges
California
Capital budgets
Capital investments
Commerce
Congress
Congressional reporting requirements
Construction industries
Construction workers
Corporation directors
Department of Transportation
Economic impact statements
Economics and Public Finance
Employee rights
Employee stock options
Energy
Energy efficiency
Environmental Protection
Environmental assessment
Executive reorganization
Federal advisory bodies
Federal aid to transportation
Federal incorporation
Federal-state relations
Finance and Financial Sector
Government Operations and Politics
Government contractors
Government corporations
Government paperwork
Highspeed ground transportation
Highway finance
Income tax
Infrastructure
Intermodal transportation
Interstate compacts
Labor and Employment
Land use
Law
Losses
Louisiana
Maintenance and repair
Minimum wages
Mississippi
Motor vehicle pollution control
National Railroad Passenger Corporation (Amtrak)
Nevada
Nonprofit organizations
Performance measurement
Planning-programming-budgeting
Railroad commuting traffic
Railroad engineering
Railroad finance
Railroad freight operations
Railroad passenger traffic
Railroad safety
Railroad terminals
Railroads
Relocation
Revolving funds
Science, Technology, Communications
Security measures
Social Welfare
Stocks
Tax credits
Tax returns
Tax-exempt securities
Taxation
Technological innovations
Tennessee
Texas
Traffic accidents and safety
Traffic congestion
Traffic signs and signals
Transportation planning
Trusts and trustees
Tunnels
Wages

Summary:
action_date: 2005-06-20
text: 
True Reinvestment for Amtrak Infrastructure in the 21st Century Act - Amends federal transportation law to authorize appropriations for Amtrak for FY2006-2011 for: (1) capital expenditures and operating expenses; (2) certain mandatory payments; and (3) Amtrak's contractual obligations for commuter and state-supported passenger rail service.
 
Requires Amtrak to transmit annually to the Secretary of Transportation and Congress a comprehensive business plan, including targets for ridership and for each intercity train route (including Autotrain), revenues, and capital and operating expenses. Prohibits the use of amounts appropriated under this Act to subsidize operating losses of commuter rail passenger or rail freight transportation. 
 
Requires rail infrastructure improvement projects financed by this Act to comply with specified employee labor standards, including the prevailing wage requirements of the Davis-Bacon Act.
 
Amends the Amtrak Reform and Accountability Act of 1997 to repeal establishment of the Amtrak Reform Council.
 
Establishes an Enhanced Rail Service Corridor Pilot Program to support certain corridor rail infrastructure projects undertaken by states or multi-state compacts, using funding provided through the Rail Infrastructure Finance Corporation (established by this Act).
 
Amends federal transportation law to authorize states to prepare and maintain a state rail plan that sets forth state policy involving freight and passenger rail transportation, including commuter rail operations.
 
Amends federal highway law to designate additional high-speed rail corridors as eligible for surface transportation funds for the elimination of hazards of railway-highway crossings. 
 
Establishes a nonprofit and nonpolitical Rail Infrastructure Finance Corporation to provide financial support for certain rail infrastructure improvement projects through issuance of qualified rail infrastructure bonds. Establishes a Rail Infrastructure Finance Trust. 
 
Amends the Internal Revenue Code to allow a tax credit to a holder of a qualified rail infrastructure bond.


Legislative actions:
action_date: 2005-06-21
text: Referred to the Subcommittee on Railroads.
action_date: 2005-06-20
text: Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-06-20
text: Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-06-20
text: Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2005-06-20
text: Sponsor introductory remarks on measure. (CR E1290-1291)
action_date: 2005-06-20
text: Introduced in House
action_date: 2005-06-20
text: Introduced in House