100% Federal Funding for Baltimore's Francis Scott Key Bridge Reconstruction.
This act ensures the federal government will cover 100% of the costs for reconstructing the Francis Scott Key Bridge in Baltimore, which collapsed on March 26, 2024. This means local taxpayers will not bear the financial burden of the repair, and any insurance or damage compensation will be used to reduce the federal liability for the reconstruction. The goal is to swiftly restore critical transportation infrastructure, positively impacting the local economy and daily commutes.
Key points
The federal government will cover all costs for the reconstruction of the Francis Scott Key Bridge, relieving local budgets.
Any insurance proceeds or compensation for bridge damages will be used to repay federal emergency funds.
The act is effective as of the bridge's collapse date (March 26, 2024), accelerating the funding process for reconstruction.
Status:
Expired
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