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RAPID Act
3/9/2023, 5:47 PM
Summary of Bill HR 3651
The RAPID Act, also known as Bill 117 hr 3651, is a piece of legislation introduced in the US Congress that aims to streamline the permitting process for infrastructure projects. The bill seeks to expedite the approval process for projects such as highways, bridges, and pipelines by setting deadlines for agencies to review and approve permits.
Under the RAPID Act, agencies would be required to complete environmental reviews within a certain timeframe and would be held accountable for any delays. The bill also includes provisions to improve coordination between federal, state, and local agencies involved in the permitting process.
Supporters of the RAPID Act argue that it will help reduce red tape and bureaucratic hurdles that often delay infrastructure projects, leading to increased efficiency and economic growth. Critics, however, raise concerns about potential environmental impacts and the potential for shortcuts in the permitting process. Overall, the RAPID Act is aimed at expediting the approval process for infrastructure projects while balancing the need for environmental protection and public input. It is currently being debated in Congress and may undergo revisions before being voted on.
Under the RAPID Act, agencies would be required to complete environmental reviews within a certain timeframe and would be held accountable for any delays. The bill also includes provisions to improve coordination between federal, state, and local agencies involved in the permitting process.
Supporters of the RAPID Act argue that it will help reduce red tape and bureaucratic hurdles that often delay infrastructure projects, leading to increased efficiency and economic growth. Critics, however, raise concerns about potential environmental impacts and the potential for shortcuts in the permitting process. Overall, the RAPID Act is aimed at expediting the approval process for infrastructure projects while balancing the need for environmental protection and public input. It is currently being debated in Congress and may undergo revisions before being voted on.
Congressional Summary of HR 3651
Revitalizing American Priorities for Infrastructure Development Act or the RAPID Act
This bill revises the transportation infrastructure finance and innovation (TIFIA) program to (1) require program applicants to obtain investment grade ratings from at least two credit rating agencies, unless the federal credit instrument is less than $150 million (currently, less than $75 million), in which case one rating will suffice; (2) require the Department of Transportation (DOT) to implement an expedited decision time line for public agency borrowers seeking secured loans; and (3) require DOT to publish status reports on program applications on the TIFIA website.
Read the Full Bill
Current Status of Bill HR 3651
Bill HR 3651 is currently in the status of Bill Introduced since June 1, 2021. Bill HR 3651 was introduced during Congress 117 and was introduced to the House on June 1, 2021. Bill HR 3651's most recent activity was Referred to the Subcommittee on Highways and Transit. as of June 2, 2021
Bipartisan Support of Bill HR 3651
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
4Democrat Cosponsors
2Republican Cosponsors
2Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 3651
Primary Policy Focus
Transportation and Public WorksAlternate Title(s) of Bill HR 3651
To amend title 23, United States Code, to improve the transportation infrastructure finance and innovation (TIFIA) program, and for other purposes.
RAPID Act
RAPID Act
Revitalizing American Priorities for Infrastructure Development Act
Comments
Sponsors and Cosponsors of HR 3651
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