§ 609. Reports to Congress

• (a) On June 1, 2012 , and every 2 years thereafter, the Secretary shall submit to Congress a report summarizing the financial performance of the projects that are receiving, or have received, assistance under the TIFIA program, including a recommendation as to whether the objectives of the TIFIA program are best served by—
  • (1) continuing the program under the authority of the Secretary;
  • (2) establishing a Federal corporation or federally sponsored enterprise to administer the program; or
  • (3) phasing out the program and relying on the capital markets to fund the types of infrastructure investments assisted by the TIFIA program without Federal participation.
• (b)
  • (1) Not later than December 1, 2012 , and annually thereafter, the Secretary shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Environment and Public Works of the Senate a report that includes a list of all of the letters of interest and applications received from project sponsors for assistance under the TIFIA program during the preceding fiscal year.
  • (2)
    • (A) Each report under paragraph (1) shall include, at a minimum, a description of, with respect to each letter of interest and application included in the report—
      • (i) the date on which the letter of interest or application was received;
      • (ii) the date on which a notification was provided to the project sponsor regarding whether the application was complete or incomplete;
      • (iii) the date on which a revised and completed application was submitted (if applicable);
      • (iv) the date on which a notification was provided to the project sponsor regarding whether the project was approved or disapproved; and
      • (v) if the project was not approved, the reason for the disapproval.
    • (B) Each report under paragraph (1) shall include copies of any correspondence provided to the project sponsor in accordance with section 602(d).
• (c)
  • (1) The Secretary shall publish on the website for the TIFIA program—
    • (A) on a monthly basis, a current status report on all submitted letters of interest and applications received for assistance under the TIFIA program; and
    • (B) on a quarterly basis, a current status report on all approved applications for assistance under the TIFIA program.
  • (2) Each monthly and quarterly status report under paragraph (1) shall include, at a minimum, with respect to each project included in the status report—
    • (A) the name of the party submitting the letter of interest or application;
    • (B) the name of the project;
    • (C) the date on which the letter of interest or application was received;
    • (D) the estimated project eligible costs;
    • (E) the type of credit assistance sought; and
    • (F) the anticipated fiscal year and quarter for closing of the credit assistance.