National Multimodal Freight Policy and Investment Act

National Multimodal Freight Policy and Investment Act This bill directs the Department of Transportation (DOT) to: establish a national multimodal freight network, a national multimodal freight advisory committee, and a freight investment grant program; and develop a national multimodal freight strategic plan. Each state receiving a freight investment grant shall also develop a freight investment plan and establish a state freight advisory committee. The bill establishes in DOT an Office of Freight Planning, Permitting, and Development. DOT shall establish a competitive capital grant program to provide financial assistance to states, metropolitan planning organizations, regional or local transportation authorities, tribal governments, and other entities for: shortline or regional railroad infrastructure improvement projects, and highway-rail vertical grade separation projects.