High Speed Rail Corridor Development Act of 2021

Bill: 117-hr-867
Sponsor: full_name: Rep. Costa, Jim [D-CA-16]
Introduced: 2021-02-05
Policy area: Transportation and Public Works
Subjects: Environmental assessment, monitoring, research

Railroads

Transportation programs funding
Latest action: action_date: 2021-02-08
text: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

Summaries:
action_date: 2021-02-05
action_desc: Introduced in House
text: <p><b>High Speed Rail Corridor Development Act of 2021</b></p> <p>This bill revises and reauthorizes through FY2025 the high-speed rail corridor development competitive grant program of the Department of Transportation (DOT).</p> <p>In awarding grants, the bill requires DOT to prioritize (1) projects that involve the purchase of electrified next generation passenger rail equipment, and (2) applications for projects that provide for a greater non-federal share of the cost of such projects.</p> <p>DOT must also for each fiscal year set aside 50% of funds for projects with a federal share that does not exceed 50% of the project net capital cost.</p>

tv_txt: I 117th CONGRESS 1st Session H. R. 867 IN THE HOUSE OF REPRESENTATIVES February 5, 2021 Mr. Costa (for himself, Mr. Garamendi , Mr. Ruppersberger , Mr. Morelle , and Mr. Castro of Texas ) introduced the following bill; which was referred to the Committee on Transportation and Infrastructure A BILL To reauthorize the high-speed rail corridor development program, and for other purposes.

1. Short title This Act may be cited as the High Speed Rail Corridor Development Act of 2021 . 2. High-speed rail corridor development (a) Competitive Grant Selection and Criteria for Grants Section 26106(e) of title 49, United States Code, is amended— (1) by striking paragraph (2)(C)(i)(IV) and inserting the following: (IV) environmental benefits, including projects that involve the purchase of environmentally sensitive, fuel-efficient or electrified next generation, and cost-effective passenger rail equipment; ; and (2) by adding at the end the following: (5) Priority In awarding grants under the program, the Secretary shall give priority to an application that provides for a greater non-Federal share of the cost of a project relative to other applications. . (b) Set-Aside for projects with certain non-Federal share Section 26106(f) of title 49, United States Code, is amended— (1) by striking The Federal share and inserting the following: (1) In general The Federal share ; and (2) by adding at the end the following: (2) Set-aside In carrying out this section, the Secretary shall set aside for each fiscal year 50 percent of the funds made available to carry out this section for projects with a Federal share that does not exceed 50 percent of the project net capital cost. . (c) Authorization of Appropriations Section 26106(h) of title 49, United States Code, is amended to read as follows: (h) Authorization of Appropriations There are authorized to be appropriated to the Secretary to carry out this section— (1) $8,000,000,000 for fiscal year 2022; (2) $8,000,000,000 for fiscal year 2023; (3) $8,000,000,000 for fiscal year 2024; and (4) $8,000,000,000 for fiscal year 2025. .