To amend title 23 and title 49, United States Code, to remove transit-oriented development projects as projects eligible for assistance under the transportation infrastructure finance and innovation program and the railroad rehabilitation and improvement financing program, and for other purposes.
About This Bill
Committee
Latest Action · June 14, 2023
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
The NO TOD Act would remove transit-oriented development projects from eligibility for two major federal transportation financing programs: the Transportation Infrastructure Finance and Innovation Program (TIFIA) and the Railroad Rehabilitation and Improvement Financing Program. Transit-oriented development projects are defined as projects or components designed for commercial or residential use. The bill would also eliminate a transit-oriented development planning pilot program created under previous legislation. These changes would apply to all project applications submitted after the bill becomes law, effectively preventing developers from accessing federal financing assistance for transit-oriented developments going forward. The legislation does not allocate new funding or establish specific timelines beyond the effective date upon enactment.
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