To make certain amendments to the loan and loan guarantee program under section 502 of the Railroad Revitalization and Regulatory Reform Act of 1976.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Transportation and Infrastructure.
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
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