Limiting Highway and Mass Transit Spending to Actual Trust Fund Receipts.
This Act imposes strict spending limits on federal highway, road safety, and mass transit programs. Starting October 1, 2025, these expenditures cannot exceed the actual tax receipts collected by the Highway Trust Fund for that fiscal year. This change means that future infrastructure projects, including road construction and public transit development, will be directly tied to current tax revenues, potentially affecting the pace of investment realization.
Key points
Spending on Federal-aid highway and highway safety construction programs will be capped at the net highway receipts estimated for that fiscal year.
Obligations for mass transit programs funded by the Highway Trust Fund will also be limited to the actual net mass transit receipts.
The goal is to balance the Highway Trust Fund, which may result in a slowdown or reduction of new infrastructure projects if tax revenues fall short of planned spending.
Unused obligation authority from one state can be redistributed to other states that are able to utilize the funds during the fiscal year, prioritizing efficient use of resources.
Expired
Additional Information
Print number: 118_S_5505
Sponsor: Sen. Lee, Mike [R-UT]
Process start date: 2024-12-12