H.R. 213: To prohibit the use of Federal financial assistance for a certain high-speed rail development project in the State of California, and for other purposes.
This bill, titled H.R. 213, is aimed at prohibiting the use of federal financial assistance for a specific high-speed rail development project in California. The key points of the bill are as follows:
1. Federal Assistance Prohibition
The bill does not allow any federal financial assistance to be allocated to California for a high-speed rail project. This prohibition specifically targets any project that is the same or similar to a particular initiative established under a cooperative agreement between the California High-Speed Rail Authority and the Federal Railroad Administration. This agreement is identified as Cooperative Agreement No. FR–HSR–0118–12–01–01.
2. Affected Projects
The bill focuses on blocking funding for a high-speed rail corridor development in California, reflecting an intent to halt or restrict progress on this specific transportation initiative.
3. Implications
By prohibiting federal financial support, the bill may impact the viability and funding mechanisms for the high-speed rail project, which has been a significant infrastructure endeavor in the state. Without federal assistance, the state may have to seek alternative funding sources or potentially reconsider the project's feasibility.
4. Legislative Process
This bill has been introduced in the U.S. House of Representatives and has been referred to the Committee on Transportation and Infrastructure for further discussion or evaluation. If passed, it would alter the funding landscape for high-speed rail projects in California.
Relevant Companies
- CSX Corporation (CSX) - As a major railroad company, changes in high-speed rail funding might affect contracts and partnerships related to rail infrastructure in California.
- BNSF Railway (part of Berkshire Hathaway Inc.) (BRK.B) - Similar to CSX, this company could be impacted by shifts in rail development plans and funding sources.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
1 sponsor
Actions
3 actions
| Date | Action |
|---|---|
| Jan. 07, 2025 | Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. |
| Jan. 06, 2025 | Introduced in House |
| Jan. 06, 2025 | Referred to the House Committee on Transportation and Infrastructure. |
Corporate Lobbying
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