On the recordNovember 15, 2018
I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 3631 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Revitalizing American Priorities for Infrastructure Development Act'' or the ``RAPID Act''. SEC. 2. TRANSPORTATION INFRASTRUCTURE FINANCE AND INNOVATION PROGRAM. (a) Eligibility.--Section 602(a)(2) of title 23, United States Code, is amended-- (1) in subparagraph (A)(iv)-- (A) by striking ``a rating'' and inserting ``an investment- grade rating''; and (B) by striking ``$75,000,000'' and inserting ``$150,000,000''; and (2) in subparagraph (B)-- (A) by striking ``the senior debt'' and inserting ``senior debt''; and (B) by striking ``credit instrument is for an amount less than $75,000,000'' and inserting ``total amount of other senior debt and the Federal credit instrument is less than $150,000,000''.…
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