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LEGISLATION TRACKER
Terminate the Federal Railroad Administration’s Funding of High-Speed Rail Projects
BACKGROUND INFORMATION: SAVES $3.8 BILLION
The 2009 Stimulus bill provided $8 billion in grants to develop high-speed rail lines intended to shorten passenger rail travel times with trains operating at between 90 and 250 miles per hour. Another $2.1 billion was appropriated for these projects in the last two fiscal years, although no funding was provided in the final appropriations for FY 2011. These grants fund construction of rail lines that States will then be required to support with annual operating subsidies. Critics note that only two high-speed rail lines in the world are actually profitable. Due to the potential taxpayer exposure from future operating subsidies, several Governors have refused federal high-speed rail funds.
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Terminate the Federal Railroad Administration’s Funding of High-Speed Rail Projects
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Rep. Austin Scott's bill, H.R. 2811, was introduced |
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BACKGROUND INFORMATION: SAVES $3.8 BILLION
The 2009 Stimulus bill provided $8 billion in grants to develop high-speed rail lines intended to shorten passenger rail travel times with trains operating at between 90 and 250 miles per hour. Another $2.1 billion was appropriated for these projects in the last two fiscal years, although no funding was provided in the final appropriations for FY 2011. These grants fund construction of rail lines that States will then be required to support with annual operating subsidies. Critics note that only two high-speed rail lines in the world are actually profitable. Due to the potential taxpayer exposure from future operating subsidies, several Governors have refused federal high-speed rail funds.
LEAVE YOUR COMMENTS
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YouCut Legislation YouCut Legislative Record for the 112th Congress. |
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111th Congress Archive Learn more about the YouCut votes from the prior Congress. |
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YouCut Citizen Review Review National Science Foundation Grants and Spending. |
