This bill would establish a Federal Railroad Administration formula grant program for State rail plans, rail operations, and infrastructure, with each State receiving at least $5,000,000 annually for five years and $3,500,000,000 authorized for the program beginning October 1, 2025. It would create a competitive Green Railroads Fund for electrification, authorize funding for passenger rail, Amtrak, crossings, air-pollution grants, and workforce training, and prioritize specified electrification, environmental justice, labor, and community-engagement requirements. The bill sets goals including zero-emission locomotives by 2047 and zero emissions for 50 percent of trains by 2030, all new trains by 2035, and all locomotives by 2047.

FactVote-generated overview; it is not an official CRS summary.