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Accelerating Small Infrastructure Projects: Increased Funding Limits.

The new law, known as the SPEED Act, aims to speed up the implementation of smaller infrastructure projects. It increases funding limits that allow for faster project approval without lengthy procedures. This means local investments, such as road or bridge repairs, can be carried out more efficiently, potentially improving citizens' quality of life and safety.
Key points
Increased funding limit for projects with limited federal assistance from $6 million to $12 million.
Raised the limit for projects with a greater environmental impact from $35 million to $70 million, accelerating their implementation.
Smaller infrastructure projects can be approved more quickly, potentially leading to faster repairs and constructions in your area.
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Status: Introduced
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Additional Information
Print number: 119_HR_4059
Sponsor: Rep. Hageman, Harriet M. [R-WY-At Large]
Process start date: 2025-06-20