Assistance for Local Heroes During Train Crises Act

This bill establishes a federal fund to reimburse local emergency response agencies (including fire departments, police, and emergency services) for costs incurred during train incidents involving hazardous materials, such as equipment replacement, overtime pay, or operational expenses. The Federal Railroad Administration can declare a "hazardous train event" within 3 days of an incident, triggering immediate reimbursement of at least $250,000 and potentially up to $3 million total per event. The fund is financed by annual fees on rail shippers and carriers of hazardous materials with over $10 million in annual revenue, and requires railroads to provide local emergency responders with advance notice and real-time location tracking of such trains.