To make technical amendments to title 49, United States Code, as necessary to improve the Code.
H.R. 4523 is a technical housekeeping bill focused on cleaning up cross-references and terminology in Title 49, United States Code, specifically within chapter 224. The core aim is to improve the clarity and consistency of the code by updating definitions, aligning references to other laws and public laws, and standardizing how certain financing concepts (like direct loans and loan guarantees) are described. It also makes small adjustments to the administration and authorizations related to these financing tools, and it includes non-substantive amendments in other related sections (e.g., the National Surface Transportation and Innovative Finance Bureau and references from the Surface Transportation Investment Act of 2021). Overall, the bill does not create or modify policy or funding programs; it corrects drafting, numbering, and cross-referencing to reduce ambiguity and ensure the statute reads consistently with current law.
Key Points
- 1Technical amendments to definitions in section 22401, including clarifying terms such as “In general” for the term definition and renaming/reshaping subparts related to direct loans and loan guarantees to reflect current codification (e.g., “Direct loan” and “Loan guarantee”).
- 2Revisions to the treatment and cross-referencing of direct loans, loan guarantees, modifications, net present values, and basis of estimated cost to improve consistency with the rest of Title 49 and related statutory language.
- 3Multiple cross-reference cleanups across sections 22402, 22403, 22405, and 22406 to ensure references say “of this title” and align with current statutory structure; includes alignment of references to the Federal Credit Reform Act and related enactments.
- 4Updates to the administration of direct loans and loan guarantees, including ensuring “of this title” appears after key section references in multiple subsections, which helps with proper statutory citation and application.
- 5Additional non-substantive amendments in Section 4 to: (a) insert “of this title” in National Surface Transportation and Innovative Finance Bureau references, (b) correct cross-references in the Surface Transportation Investment Act of 2021, and (c) adjust grant condition references to point to this title.