We have received text from H.R. 8853: Amtrak Grant Flexibility Act. This bill was received on 2026-05-15, and currently has 2 cosponsors.
Here is a short summary of the bill:
This bill, titled the Amtrak Grant Flexibility Act , aims to amend existing legislation related to Amtrak's funding and grant use for rail projects. The key provisions can be summarized as follows:
Grant Fund Utilization
The bill primarily allows Amtrak to use federal grant funds for certain non-federal share requirements in various grant programs. This flexibility is important for Amtrak's capacity to secure funding for projects without being restricted by traditional funding limitations.
Specific Amendments
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National Infrastructure Project Assistance Grants:
Amtrak can utilize federal grant funds to fulfill its non-federal contribution requirements for projects under this grant category. This usage is permitted as long as Amtrak's involvement extends beyond merely providing monetary contributions.
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Consolidated Rail Infrastructure and Safety Improvements Grants:
If Amtrak applies for this type of grant, it may also use federal funds to meet the non-federal share requirements.
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Federal-State Partnership for Intercity Passenger Rail Grants:
In projects associated with the National Network and the Northeast Corridor, Amtrak is allowed to satisfy the non-federal share requirements using a combination of operational revenue, tickets, and other specified federal grant funds.
Implications
The provision of greater flexibility in the use of federal grant funds is intended to enhance Amtrak's ability to participate in and contribute to rail infrastructure projects. This could potentially improve project timelines, reduce dependency on state funding sources, and allow for more efficient allocation of resources within the rail system.
Potential Benefits
By easing restrictions on how Amtrak uses these funds, the bill could facilitate better financial management and project execution, ultimately aiming to enhance the overall rail service efficiency and infrastructural integrity within the areas served by Amtrak.
Relevant Companies
- AMTK - Amtrak may benefit from this legislation as it can access more flexible funding sources for infrastructure projects, potentially leading to improvements in services and operational capabilities.
Representative Jennifer L. McClellan Bill Proposals
Here are some bills which have recently been proposed by Representative Jennifer L. McClellan:
- H.R.8853: Amtrak Grant Flexibility Act
- H.R.7783: AI-Ready Networks Act
- H.R.7676: Career-Connected Learning Pathways Act of 2026
- H.R.7341: GRAD Act
- H.R.5965: Student Veteran Work Study Modernization Act
- H.R.5327: Nottoway Indian Tribe of Virginia Federal Recognition Act
You can track bills proposed by Representative Jennifer L. McClellan on Quiver Quantitative's politician page for McClellan.
Representative Jennifer L. McClellan Net Worth
Quiver Quantitative estimates that Representative Jennifer L. McClellan is worth $2.6M, as of June 4th, 2026. This is the 230th highest net worth in Congress, per our live estimates.
McClellan has approximately $266.2K invested in publicly traded assets which Quiver is able to track live.
You can track Representative Jennifer L. McClellan's net worth on Quiver Quantitative's politician page for McClellan.
Representative Jennifer L. McClellan Stock Trading
We have data on up to $350.0K of trades from Representative Jennifer L. McClellan, which we parsed from STOCK Act filings. Some of the largest trades include:
- A April 7th, 2026 sale of up to $250K of $VZ. The stock has fallen 4.05% since then.
You can track Representative Jennifer L. McClellan's stock trading on Quiver Quantitative's politician page for McClellan.
2026 Virginia's 4th Congressional District Election
There has been approximately $1,472,612 of spending in Virginia's 4th congressional district elections over the last two years, per our estimates.
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Virginia's 4th congressional district election.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
