Provide $287 billion in contract authority for the Federal-Aid Highway Program over the 2021-2025 period
Cancel an $8 billion rescission in the Federal-Aid Highway Program currently scheduled for 2020
Authorize $284 billion in obligation limitations for the Federal-Aid Highway Program over the 2021-2025 period
Authorize appropriations for other transportation-related projects and activities
Estimated budgetary effects would primarily stem from
Spending of amounts authorized in the bill
Increases in the rate at which previously provided funds are spent within the Federal-Aid Highway Program
Decreases in revenues because of states’ increased use of tax-exempt bonds
Areas of significant uncertainty include
Estimating the number of states that would exchange federal funding for one transportation program to participate in another, and estimating the amounts of funding those exchanges would involve