HR 4361 · 112th Congress · Transportation and Public Works

National High Performance Passenger Rail Transportation-Oriented Development Act of 2012

Introduced 2012-04-16· Sponsored by Rep. Petri, Thomas E. [R-WI-6]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.(2012-04-17)

Plain Language Summary

[AI summary unavailable — showing source text] National High Performance Passenger Rail Transportation-Oriented Development Act of 2012 - Directs the Secretary of Transportation (DOT) to establish an initiative to promote passenger rail operations and transportation-oriented development by creating rail projects qualified for federal incentives for communities to encourage dedicated revenue sources for urban and regional rail corridor development. Amends the Railroad Revitalization and Regulatory Reform Act of 1976 to direct the Secretary to provide direct loans and loan guarantees for qualified rail projects. Authorizes the Secretary to make secured loans, loan guarantees, or lines of credit for such projects. Directs the Secretary to provide technical assistance to: (1) states to identify transportation-oriented development opportunities, (2) states and regions outside the Northeast Corridor to establish Regional Advisory Committees and identify stations and potential stations within the region to maximize development and commercial revenue generation to support financially the development of a high performance rail passenger corridor, and (3) states and entities along the Northeast Corridor to establish a Northeast Corridor …

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat