USRC Funding Eligibility Act

This bill makes the Union Station Redevelopment Corporation (USRC) eligible to receive 100% federal funding for infrastructure projects under four existing transportation grant programs: RAISE, National Infrastructure Project Assistance, Consolidated Rail Infrastructure, and Federal-State Partnership for Intercity Rail. It amends each program’s rules to specifically include the USRC as an eligible recipient and eliminates the typical requirement for state or local cost-sharing. The bill directly affects the USRC by providing full federal funding for its projects, such as those related to Union Station redevelopment.