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Bureaucrat Accountability: Unused Transportation Funds Returned for Deficit Reduction

This act aims to reclaim unused funds allocated for transportation projects that have remained untouched for 9 years. These funds will be deposited into the Treasury to reduce the national debt. Citizens can expect greater efficiency in public spending and potentially a smaller national debt.
Key points
Unused funds for transportation projects, left unspent for 9 years, will be automatically returned to the Treasury.
These funds will be used to reduce the national debt, potentially benefiting all citizens.
The Department of Transportation can delay the return of funds by one year if they plan to use them soon.
Government agencies will be required to report annually on all projects with unused funds, increasing spending transparency.
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Additional Information
Print number: 117_HR_3430
Sponsor: Rep. Nehls, Troy E. [R-TX-22]
Process start date: 2021-05-20