H.R. 4926: Highway Funding Transferability Improvement Act
This bill, known as the Highway Funding Transferability Improvement Act, proposes an amendment to current law regarding the transfer of Federal-aid highway funds between different categories of transportation projects. The primary change is increasing the percentage of these federal funds that can be transferred from 50% to 75%.
Key Provisions
- Increased Flexibility: The bill allows state transportation agencies greater flexibility in how they use federal funds, enabling them to reallocate money to various highway projects as needed. This aims to enhance the efficiency and responsiveness of transportation funding.
- Funding Categories: The measure adjusts the conditions under which federal highway funds can be moved between different categories, potentially including maintenance, construction, and improvement projects.
- Objective: The intent behind these changes is to better address the varied needs of state and local transportation systems, ensuring that funds are allocated in a way that meets current demands and conditions.
Implementation
Once enacted, state transportation departments would have the authority to implement the changes as outlined in the bill, affecting how federal funds are administered at the state level. This could lead to more timely funding for pressing transportation projects.
Potential Impact
By increasing the transferability of federal highway funds, the bill seeks to enhance the capacity of states to react to changing transportation needs and priorities. This could potentially lead to improved infrastructure and roadway conditions, depending on how states choose to allocate these funds.
Relevant Companies
- CSX: As a major freight railroad operator, CSX could benefit indirectly from improved highway infrastructure that enhances logistics and transportation efficiency.
- United Rentals: This company provides equipment rental services for construction and infrastructure projects and may see increased demand for its services as highway projects receive more funding.
This is an AI-generated summary of the bill text. There may be mistakes.
Sponsors
2 bill sponsors
Actions
2 actions
| Date | Action |
|---|---|
| Aug. 08, 2025 | Introduced in House |
| Aug. 08, 2025 | Referred to the House Committee on Transportation and Infrastructure. |
Corporate Lobbying
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