,,ii  #aafth ,,congress  #ast ,session  
,s4 #bhje  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,november #f1  
#bjai,mr4 ,wicker 7for himself1 ,mr4    
,cassidy1 and ,ms4 ,duckworth7          
introduced the following bill2 which was
 read twice and referred to the         
,committee on ,commerce1 ,science1 and  
,transportation  ,a ,,bill  ,to improve 
transit-oriented development financing1 
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,,tod ,advancement ,act of #bjai4  #b4  
,extension of transit-oriented          
development loan and loan guarantee     
authority ,section #ejb7;b77#c7 of the  
,railroad ,revitalization and           
,regulatory ,reform ,act of #aigf 7#de  
,u4,s4,c4 #hbb7;b77#c77 is amended by   
striking only during the #d-year period 
beginning on ,december #d1 #bjae and    
inserting until ,december #d1 #bjba44   
#c4 ,eligible purposes ,section         
#ejb7;b77#a77;,e7 of the ,railroad      
,revitalization and ,regulatory ,reform 

,act of #aigf 7#de ,u4,s4,c4            
#hbb7;b77#a77;,e77 is amended to read as
 follows3  7,e7 finance economic        
development1 including commercial and   
residential development1 and related    
infrastructure and activities1 that--   
7i7 incorporates private investment of  
greater than #bj percent of total       
project costs2  7ii7 is physically      
connected to1 or is within  mile walking
 distance from1 a passenger rail station
 or multimodal station that includes    
rail service2  7iii7 has a certification
 from the applicant that the contracting
 process for construction will commence 
not later than #ij days after the date  
on which the direct loan or loan        
guarantee is obligated for the project  
under this subchapter2 and  7iv7        
demonstrates the ability to generate new
 financial assistance for the relevant  
passenger rail station or service by    
increasing ridership1 tenant lease      
payments1 or other activities that      
generate revenues in excess of costs4  4

  #d4 ,quarterly report on              
transit-oriented development eligibility
 ,not later than #f months after the    
date of the enactment of this ,act1 and 
every #ij days thereafter1 the          
,secretary of ,transportation shall     
submit a report to the ,committee on    
,commerce1 ,science1 and ,transportation
 of the ,senate and the ,committee on   
,transportation and ,infrastructure of  
the ,house of ,representatives that     
identifies--  7#a7 the number of        
applications submitted to the           
,department of ,transportation for a    
direct loan or loan guarantee under     
section #ejb7;b77#a77;,e7 of the        
,railroad ,revitalization and           
,regulatory ,reform ,act of #aigf1 as   
amended by section #c2  7#b7 the number 
of such loans or loan guarantees that   
were provided to applicants2 and  7#c7  
for each such application1 the reasons  
for providing or declining to provide   
the requested loan or loan guarantee4