H.R. 6464, The Back on Track Act

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 6464 would make certain amendments to the loan and loan guarantee program under section 502 of the Railroad Revitalization and Regulatory Reform Act of 1976.

Detailed Summary

Back on Track Act - Amends the Railroad Revitalization and Regulatory Reform Act of 1976 to revise interest rate and credit risk premium requirements for direct loans and loan guarantees for construction or repair of railroad bridges located in disaster areas due to flooding beginning in 2008. Extends the term of repayment of direct loans or loan guarantees from 25 years to 35 years.

Status of the Legislation

Latest Major Action: 7/11/2008: Referred to House subcommittee. Status: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

Points in Favor

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Points Against

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