,,ii  #aaf? ,,congress  #a/ ,session    
,s4 #cec  ,,9 ,,! ,,s5ate ,,( ,,!       
,,unit$ ,,/ates  ,febru>y #f1 #bjai,mr4 
,cornyn 7= himself & ,mr4 ,ka9e7        
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,environm5t & ,public ,works  ,a ,,bill 
,to am5d title #bc1 ,unit$ ,/ates ,code1
 to improve ! transportation            
infra/ructure f9ance & innovation       
7,,tifia7 program1 & = o!r purposes4    
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,revitaliz+ ,am]ican ,priorities =    
,infra/ructure ,developm5t ,act or !    
,,rapid ,act4  #b4 ,transportation      
infra/ructure f9ance & innovation       
program  7a7 ,eligibility ,section      
#fjb7;a77#b7 ( title #bc1 ,unit$ ,/ates 
,code1 is am5d$--  7#a7 9 subp>agraph   
7,a77iv7-- 7,a7 by /rik+ a rat+ & ins]t+
 an inve/m5t-grade rat+2 &  7,b7 by     
/rik+ #ge1jjj1jjj & ins]t+ #aej1jjj1jjj2
 &  7#b7 9 subp>agraph 7,b7--  7,a7 by  
/rik+ ! s5ior debt & ins]t+ s5ior debt2 
&  7,b7 by /rik+ cr$it in/rum5t is = an 

am\nt less ?an #ge1jjj1jjj & ins]t+     
total am\nt ( o!r s5ior debt & ! ,f$]al 
cr$it in/rum5t is less ?an #aej1jjj1jjj4
  7b7 ,/reaml9$ application process     
,section #fjc7;f7 ( title #bc1 ,unit$   
,/ates ,code1 is am5d$ by add+ at ! end 
! foll[+3  7#c7 ,additional t]ms =      
exp$it$ decisions  7,a7 ,9 g5]al ,n lat]
 ?an #abj days aft] ! date ( enactm5t ( 
?is p>agraph1 ! ,secret>y %all implem5t 
an exp$it$ decision timel9e = public    
ag5cy borr[]s seek+ secur$ loans t      
meet--  7i7 ! t]ms "u p>agraph 7#b72 &  
7ii7 ! additional crit]ia describ$ 9    
subp>agraph 7,b74  7,b7 ,additional     
crit]ia ,! additional crit]ia ref]r$ to 
9 subp>agraph 7,a77ii7 are ! foll[+3 7i7
 ,! secur$ loan is made on t]ms &       
conditions t sub/antially con=m to !    
conv5tional t]ms & conditions e/abli%$  
by ! ,national ,surface ,transportation 
,innovative ,f9ance ,bureau4  7ii7 ,!   
secur$ loan is rat$ 9 ! ,a category or  
high]4  7iii7 ,! ,,tifia program %>e (  
eligible project co/s is #cc p]c5t or   

less4  7iv7 ,! applicant demon/rates a  
reasonable expectation t ! contract+    
process = ! project c comm5ce by n lat] 
?an #ij days aft] ! date on :i* a ,f$]al
 cr$it in/rum5t is obligat$ = ! project 
"u ! ,,tifia program4  7v7 ,! project   
has receiv$ a categorical exclusion1 a  
f9d+ ( no significant impact1 or a      
record ( decision "u ! ,national        
,environm5tal ,policy ,act ( #aifi 7#db 
,u4,s4,c4 #dcba et seq474  7,c7 ,writt5 
notice ,! ,secret>y %all provide to an  
applicant seek+ a secur$ loan "u !      
exp$it$ decision process "u ?is p>agraph
 a writt5 notice in=m+ ! applicant :e!r 
! ,secret>y has approv$ or disapprov$ ! 
application by n lat] ?an #ahj days aft]
 ! date on :i* ! ,secret>y submits to ! 
applicant a lett] indicat+ t ! ,national
 ,surface ,transportation ,innovative   
,f9ance ,bureau has comm5c$ !           
cr$itwor?9ess review ( ! project4  4    
7c7 ,/atus reports ,section #fji ( title
 #bc1 ,unit$ ,/ates ,code1 is am5d$ by  
add+ at ! end ! foll[+3  7c7 ,/atus     

reports  7#a7 ,9 g5]al ,! ,secret>y %all
 publi% on ! website = ! ,,tifia        
program--  7,a7 on a mon?ly basis1 a    
curr5t /atus report on all submitt$     
lett]s ( int]e/ & applications receiv$ =
 assi/ance "u ! ,,tifia program2 &  7,b7
 on a qu>t]ly basis1 a curr5t /atus     
report on all approv$ applications =    
assi/ance "u ! ,,tifia program4  7#b7   
,inclusions ,ea* mon?ly & qu>t]ly /atus 
report "u p>agraph 7#a7 %all include1 at
 a m9imum1 ) respect to ea* project     
includ$ 9 ! /atus report--  7,a7 ! "n ( 
! p>ty submitt+ ! lett] ( int]e/ or     
application2  7,b7 ! "n ( ! project2    
7,c7 ! date on :i* ! lett] ( int]e/ or  
application 0 receiv$2  7,d7 ! e/imat$  
project eligible co/s2  7,e7 ! type (   
cr$it assi/ance s\ght2 &  7,f7 !        
anticipat$ fiscal ye> & qu>t] = clos+ ( 
! cr$it assi/ance4  4