Removing the investment-grade rating requirement for airport projects
Remove the investment-grade rating requirement for airport projects seeking TIFIA financing.
Occurrences
Evidence
The press release says H.R. 6168 would expand TIFIA access for airports and remove the investment-grade rating requirement for airport projects.
Hurd's Transportation and Infrastructure issue page lists the Airport TIFIA Financing Certainty Act and describes it as a bill to expand aviation infrastructure investment.
Congress.gov lists H.R. 6168 with Rep. Jeff Hurd as sponsor, introduced on 2025-11-20. The latest action shown is House referral to the Subcommittee on Aviation on 2025-11-21, and the tracker status is Introduced, with no passage or enactment step completed.
The introduced bill text says H.R. 6168 may be cited as the Airport TIFIA Financing Certainty Act. It was introduced by Mr. Hurd of Colorado and Mr. Garamendi and would amend title 23 provisions governing airport-related TIFIA project eligibility and project selection.
Hurd's office announced that he introduced H.R. 6168, the Airport TIFIA Financing Certainty Act. The release says the bill updates TIFIA by expanding aviation-project eligibility, removing the investment-grade rating requirement for airport projects, and raising the expedited-processing threshold to $100 million in loan amounts.
The displayed 23 U.S.C. § 602 text retains TIFIA creditworthiness requirements, including investment-grade ratings from rating agencies for senior debt and the federal credit instrument, plus a preliminary rating opinion letter indicating potential to achieve an investment-grade rating.
Assessments
Hurd sponsored H.R. 6168 in the 119th Congress, and the bill directly matched the promise by proposing to remove the investment-grade rating requirement for airport TIFIA projects. However, as of July 1, 2026, Congress.gov still showed the bill only at the introduced/referred stage, with no House passage, Senate passage, enactment, or completed statutory change. The existing TIFIA statute also still retained the investment-grade rating framework. This is a serious same-term legislative effort, but the promised policy outcome has not been delivered.
The available evidence shows Jeff Hurd materially pursued the promise by introducing the Airport TIFIA Financing Certainty Act, which explicitly aimed to remove the investment-grade rating requirement for airport projects seeking TIFIA financing. That is a concrete legislative effort aligned with the promise, but the record provided shows introduction and advocacy only, not enactment or implementation. Under the stated rules, a serious legislative attempt that did not achieve the promised policy outcome should be scored as never, with effort credit.