Rail Freight Transportation Improvement Act

[AI summary unavailable — showing source text] Title I: Financial Assistance to Railroads - Rail Freight Transportation Improvement Act - Sets forth the purpose of this Act and defines the terms used in this Act. Establishes a Federal Railroad Loan Guarantee Fund to be used by the Secretary of Transportation as a revolving fund for the purposes of guaranteeing equipment obligations and loans for railroad facilities. Declares that the aggregate unpaid principal amount of obligations guaranteed under this title shall not exceed $2,000,000 at any one time. Authorizes the Secretary to guarantee the payment of the interest on and the unpaid balance of principal of any equipment obligation eligible to be guaranteed under this title. Enumerates limitations and conditions before the Secretary can guarantee any equipment obligation, establishes premium charges. Permits the Secretary, in the case of a common carrier by railroad, including any express company, to authorize loan guarantees for the financing or refinancing of expenditures made in acquiring, constructing, maintaining, or developing enumerated railroad facilities. Lists restrictions and limitations on the Secretary's guarantee of loans for railroad facilities. Authorizes the …