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U.S. Senators Eye RRIF Program Improvements

March 01, 2021
U.S. Senators Eye RRIF Program Improvements
Written by
Marybeth Luczak, Executive Editor
Sens. John Thune (R-S.D.) and Maggie Hassan’s (D-N.H.) bipartisan legislation would build on the U.S. Department of Transportation’s Railroad Rehabilitation and Improvement Financing (RRIF) Express program and make it more viable for short lines.
Sens. John Thune (R-S.D.) and Maggie Hassan (D-N.H.) have reintroduced the Railroad Rehabilitation and Financing Innovation Act to provide dedicated funding for RRIF financing costs, streamline the application process, and extend loan terms for certain assets.
• Establishing an expedited credit review process for loans that meet certain financial and operational criteria. ....

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