H.R. 2367 would authorize the appropriation of specific amounts, totaling $755 million over the 2024-2026 period, for the Department of Transportation to provide competitive grants to build or improve public parking facilities for commercial motor vehicles.
Using historical spending patterns for similar transportation grants, CBO estimates that implementing the bill would cost $595 million over the 2023-2028 period and $160 million after 2028, assuming appropriation of the authorized amounts.
The costs of the legislation, detailed in Table 1, fall within budget function 400 (transportation).
