Editorial Notes

References in Text

Section 250(c)(9) of the Balanced Budget and Emergency Deficit Control Act of 1985, referred to in par. (2), is classified to section 900(c)(9) of Title 2, The Congress.

Codification

The text of section 821 of Title 45, Railroads, which was transferred to this section and amended by Pub. L. 117–58, div. B, title I, § 21301(a)(3), (c), was based on Pub. L. 94–210, title V, § 501, as added Pub. L. 105–178, title VII, § 7203(a)(1), June 9, 1998, 112 Stat. 471; amended Pub. L. 114–94, div. A, title XI, § 11602, Dec. 4, 2015, 129 Stat. 1693.

Amendments

2021—Pub. L. 117–58, § 21301(c)(2)(A), substituted “In this chapter:” for “For purposes of this title” in introductory provisions.

Pub. L. 117–58, § 21301(a)(3), transferred text of section 821 of Title 45, Railroads, to this section.

Par. (1). Pub. L. 117–58, § 21301(c)(1)(A), inserted par. heading, designated existing provisions as subpar. (A), and realigned margins of subpars. (B) to (F).

Pars. (2) to (10). Pub. L. 117–58, § 21301(c)(1)(B), inserted headings.

Par. (11). Pub. L. 117–58, § 21301(c)(1)(B), (2)(B), inserted heading and substituted “under this chapter” for “under this title”.

Par. (12). Pub. L. 117–58, § 21301(c)(2)(C), amended par. (12) generally. Prior to amendment, text read as follows: “The term ‘railroad’ has the meaning given the term ‘railroad carrier’ in section 20102 of title 49, United States Code.”

Pub. L. 117–58, § 21301(c)(1)(B), inserted heading.

Par. (13). Pub. L. 117–58, § 21301(c)(1)(B), inserted heading.

Par. (14). Pub. L. 117–58, § 21301(c)(2)(E), added par. (14). Former par. (14) redesignated (15).

Pub. L. 117–58, § 21301(c)(1)(B), inserted heading.

Par. (15). Pub. L. 117–58, § 21301(c)(2)(D), redesignated par. (14) as (15).

Statutory Notes and Related Subsidiaries

Savings Provision

Pub. L. 114–94, div. A, title XI, § 11607(b), Dec. 4, 2015, 129 Stat. 1699, as amended by Pub. L. 117–58, div. B, title I, § 21301(j)(3)(B)(i), Nov. 15, 2021, 135 Stat. 692, provided that: “ All provisions under section[s] 22402 through 22404 of title 49, United States Code [see former 45 U.S.C. 822, 823, 836], as they existed on the day before enactment of this Act shall apply to direct loans provided by the Secretary [of Transportation] prior to the date of enactment of this Act [Dec. 4, 2015], and nothing in this title [see Tables for classification] may be construed to limit the payback of a credit risk premium, with interest accrued thereon, if a direct loan provided by the Secretary under such sections has been paid back in full, prior to the date of enactment of this Act.”

Pub. L. 114–94, div. A, title XI, § 11610, Dec. 4, 2015, 129 Stat. 1700, as amended by Pub. L. 117–58, div. B, title I, § 21301(j)(3)(B)(ii), Nov. 15, 2021, 135 Stat. 692, provided that:

“(a)

In General.—

Except as provided in subsection (b) and section 11607(b) [set out above], this subtitle [see Short Title of 2015 Amendment note set out under section 801 of Title 45, Railroads], and the amendments made by this subtitle, shall not affect any direct loan (or direct loan obligation) or an outstanding loan guarantee (or loan guarantee commitment) that was in effect prior to the date of enactment of this Act [Dec. 4, 2015]. Any such transaction entered into before the date of enactment of this Act shall be administered until completion under its terms as if this Act [div. A of Pub. L. 114–94, see Tables for classification] were not enacted.

“(b)

Modification Costs.—

At the discretion of the Secretary [of Transportation], the authority to accept modification costs on behalf of an applicant under section 22402(f) of title 49, United States Code, may apply with respect to any direct loan (or direct loan obligation) or an outstanding loan guarantee (or loan guarantee commitment) that was in effect prior to the date of enactment of this Act.”

Pub. L. 105–178, title VII, § 7203(b)(2), June 9, 1998, 112 Stat. 477, as amended by Pub. L. 117–58, div. B, title I, § 21301(j)(3)(C), Nov. 15, 2021, 135 Stat. 692, provided that: “A transaction entered into under the authority of chapter 224 of title 49, United States Code, before the date of enactment of this Act [June 9, 1998] shall be administered until completion under its terms as if this Act [see Tables for classification] were not enacted.”