H.R. 2350: Protecting Taxpayers in Transportation Asset Transfers Act

112th Congress · introduced 2011-06-24 · Transportation and Public Works · Latest: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

federal

Follow this bill, step by step

Where it came from: introduced 2011-06-24 · official record
Who proposed it: Rep. DeFazio, Peter A. [D-OR-4] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Protecting Taxpayers in Transportation Asset Transfers Act

Plain summary

Protecting Taxpayers in Transportation Asset Transfers Act - Directs the Secretary of Transportation (DOT) to establish a program for: (1) the attachment of federal liens to public transportation assets (federal-aid highways, highway or mass transit projects, air navigation facilities, or federally-assisted train or multimodal stations); and (2) release of such liens in connection with concession agreements between state or local governments and private individuals or entities. Limits the meaning of public transportation asset to a transportation facility constructed, maintained, or upgraded before, on, or after enactment of this Act using federal funds: (1) whose fair market value is more than $500 million, and which has received any federal funding; (2) whose fair market value is less than $500 million, and which has received $25 million or more in federal funding; or (3) in which a significant national public interest (such as interstate commerce, homeland security, public health, or the environment) is at stake. Prohibits any asset transaction (entry into a concession agreement for, or contract for the sale or lease of, a public transportation asset) for an asset attached with a federal lien unless: (1) the lien is released, and (2) the state or local government and the private individual or entity seeking the asset transaction enter into agreements with the Secretary. Defines "concession agreement" as one entered into by a private individual or entity and a state or local government with jurisdiction over a public transportation asset to convey to the private individual or entity the right to manage, operate, and maintain the asset for a specific period of time in exchange for the authorization to impose and collect a toll or other user fee from a person for each use of the asset during that period. Prohibits the release of a federal lien on a public transportation asset unless: (1) the state or local government or other public sponsor seeking the asset transaction pays the Secretary an amount determined according to a specified formula, and (2) the Secretary certifies that the required concession agreements have been signed and their terms incorporated into the asset transaction terms. Permits a private individual or entity to enter into an asset transaction covering National Railroad Passenger Corporation (AMTRAK) facilities and equipment provided certain conditions are met.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Protecting Taxpayers in Transportation Asset Transfers Act

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. DeFazio, Peter A. [D-OR-4] · 3 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

André Carson (D-IN)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)

Authorization: A law that creates or continues a government program and says what it may do, often with a suggested spending ceiling. An authorization alone does not provide money; a separate appropriation does.
Jurisdiction: The area or the matters a government or court has authority over.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-112hr2350.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/112/hr>

Record fed-us-cong112-hr2350 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112