S.Amdt. 964

SA 964. Mr. GARDNER (for himself and Mr. Bennet) submitted an
amendment intended to be proposed to amendment SA 948 proposed by Mr.
Shelby to the bill H.R. 3055, making appropriations for the Departments
of Commerce and Justice, Science, and Related Agencies for the fiscal
year ending September 30, 2020, and for other purposes; which was
ordered to lie on the table; as follows:

At the appropriate place in division D, insert the
following:

SEC. __. CREDIT RISK PREMIUMS.

(a) Short Title.--This section may be cited as the
``Railroad Rehabilitation and Improvement Financing Equity
Act''.
(b) Refund.--Section 502(f) of the Railroad Revitalization
and Regulatory Reform Act of 1976 (45 U.S.C. 822(f)) is
amended by adding at the end the following:
``(5) Refund of premiums.--The Secretary shall repay the
credit risk premium of each loan, with interest accrued
thereon, not later than 60 days after the date on which all
obligations attached to each such loan have been satisfied.
For each loan for which obligations have already been
satisfied, as of the date of enactment of the Railroad
Rehabilitation and Improvement Financing Equity Act, the
Secretary shall repay the credit risk premium of each such
loan, with interest accrued thereon, not later than 60 days
after the date of the enactment of such Act.''.
(c) Authorization of Appropriations.--There are authorized
to be appropriated such sums as may be necessary to pay the
cost of any direct loan modification (as defined in section
502 of the Federal Credit Reform Act of 1990) to carry out
section 502(f)(5) of the Railroad Revitalization and
Regulatory Reform Act of 1976, as added by subsection (b).
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