IIB 118th CONGRESS 2d Session H. R. 7341 IN THE SENATE OF THE UNITED STATES December 4, 2024 Received; read twice and referred to the Committee on the Judiciary AN ACT To make technical amendments to title 49, United States Code, as necessary to improve the Code.

1. Table of contents The table of contents for this Act is as follows: Sec. 1. Table of contents. Sec. 2. Purpose. Sec. 3. Technical amendments to chapter 224 of title 49, United States Code. Sec. 4. Other technical amendments. 2. Purpose The purpose of this Act is to make technical amendments to title 49, United States Code, as necessary to improve the Code. 3. TECHNICAL AMENDMENTS to chapter 224 of title 49, united states code (a) Definitions Section 22401 of title 49, United States Code, is amended— (1) in paragraph (1)— (A) in subparagraph (A), by striking (A) The term and inserting the following: (A) In general The term ; (B) in subparagraph (B)— (i) by redesginating clauses (i), (ii), and (iii) as subclauses (I), (II), and (III); (ii) by striking (B) The cost and inserting the following: (B) Direct loan (i) In general The cost ; and (iii) by striking Calculation of the cost of a direct loan and inserting: (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 inserting 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 estimating ; and (F) in subparagraph (F), by striking (F) When funds and inserting the following: (F) Basis of estimated cost When funds ; (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 Section 22402 of title 49, United States Code, is amended— (1) in subsection (a)(3), by striking government sponsored and inserting government-sponsored ; (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) ; (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 Investment 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)— (A) in paragraph (3)(B), by striking the heading Actions by the Office of Management and Budget and inserting the heading Actions by the office of management 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 refinancing 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 ; (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 paragraph (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 Section 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 period at the end; (2) in subsection (a)(2), by inserting of this title after section 22402(f)(5) ; and (3) in subsection (b)(2), by inserting of this title after section 22403(l)(1) . 4. other technical amendments (a) National Surface Transportation and Innovative Finance Bureau Section 116(d)(1)(B) of title 49, United States Code, is amended by inserting of this title after sections 22401 through 22403 . (b) Surface Transportation Investment Act of 2021 Section 21303(1) of the Surface Transportation Investment Act of 2021 ( 49 U.S.C. 22402 note) is amended by striking section 22402(b)(1)(E) of title 49 and inserting section 22402(b)(1)(F) of title 49 . (c) Grant Conditions Section 22905(c)(2)(B) of title 49, United States Code, is amended by inserting of this title after section 22404 .

Passed the House of Representatives December 3, 2024. Kevin F. McCumber, Clerk.