I saw that, too. The summary orulz cites says, "For the Department of Transportation, the bill eliminates new funding for High Speed Rail and rescinds $400 million in previous year funds, for a total reduction of $2.9 billion from fiscal year 2010 levels." However, while I'm hardly a budget expert, I don't think the second half of that sentence (beginning with "for a total reduction...") is, strictly speaking, accurate.
Yes, it's true that Sec. 2221 of the
bill says that "the level for “Department of Transportation, Federal Railroad Administration, Capital Assistance for High Speed Rail Corridors and Intercity Passenger Rail Service” shall be $0." And Sec. 2222 says, "Of the prior year unobligated balances available for “Department of Transportation, Federal Railroad Administration, Capital Assistance for High Speed Rail Corridors and Intercity Passenger Rail Service”, $400,000,000 is rescinded."
However, from October 1 until April 8, under the previous Continuing Resolutions, high-speed rail capital assistance had been funded at a rate equal to the 2010 appropriation of 2.5 billion--over those 28 weeks, the program had already received $1.346 billion. Then, from April 8 to April 15th, under the continuing resolution that is part of the budget deal reached last Friday and which is funding the government while Congress "considers" this final appropriation bill, high-speed rail is funded at a pro-rated of $1 billion annually, meaning the appropriation for the week is $19 million. So when the final bill takes effect on Friday, high-speed rail will already have received nearly $1.4 billion for the year -- so a zero appropriation and a $400 million recission would seem to be the way you get to the $1 billion agreement reported earlier.
But, again, I'm hardly an expert. For those who want to double check my work, here are the previous continuing resolutions, in the order they took effect.
Public Law No 111-242 (enacted September 30, 2010, funded the government through December 3)
Public Law No 111-290 (enacted December 4; funded the government through December 18)
Public Law No 111-317 (enacted December 18; funded the government through December 21)
Public Law No 111-322 (enacted December 21; funded the government through March 4, 2011)
Public Law No 112-4 (enacted March 2; funded the government through March 18)
Public Law No 112-6 (enacted March 18; funded the government through April 8)
Public Law No 112-8 (enacted April 9; funds the government through April 15)