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Stop Waste: No Federal Funds for Costly, Losing Transit Projects

This bill aims to stop federal funding for large transportation projects that significantly exceed their budget and are projected to lose money. This means taxpayer money will not be used for projects that are too expensive and do not generate revenue from fares, potentially impacting the availability of new connections but also protecting against inefficient public spending.
Key points
Prohibits federal funding for transit and rail projects with cost overruns of at least $1 billion.
Prohibits funding for projects projected to have operational costs exceeding ridership revenues annually over the next decade.
Aims to protect taxpayer money from being wasted on unprofitable and overly expensive investments.
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Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_2487
Sponsor: Sen. Ernst, Joni [R-IA]
Process start date: 2021-07-27