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S5505FEDERALIN_COMMITTEE
High Impact

Balance the Highway Trust Fund Act

December 12, 2024

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Where This Stands

Introduced
Committee
Floor Vote
Passed
Signed

Currently IN_COMMITTEE. The next step in the legislative lifecycle is Floor Vote.

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

The Frame

What this does

This legislation would tie federal transportation spending directly to incoming tax receipts, potentially reducing the amount of money available for highway and transit projects if tax revenue falls below current authorized spending levels.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

State Departments of Transportation

States would see their federal highway and transit funding distributions adjusted annually based on actual tax revenue receipts.

Federal-aid highway and highway safety construction programs

These programs would be subject to new annual spending caps tied to revenue estimates.

What changed

Current stage: IN_COMMITTEE.

What's next

Floor Vote.

Summary

This bill proposes to cap annual federal spending on highway and mass transit projects so that total obligations do not exceed the amount of tax revenue collected for those purposes in the same year. If enacted, it would require the Secretary of Transportation to adjust funding distributions to states based on these revenue estimates starting October 1, 2025.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Why It Matters

This legislation would tie federal transportation spending directly to incoming tax receipts, potentially reducing the amount of money available for highway and transit projects if tax revenue falls below current authorized spending levels.

Frequently Asked Questions

How does this bill change current transportation funding?
It restricts federal spending on highways and mass transit to match the actual tax revenue collected for those funds, rather than allowing spending to exceed those receipts.
When would these changes take effect?
The provisions of the bill would take effect on October 1, 2025.
What happens if a state cannot use its allocated obligation authority?
The Secretary of Transportation is required to redistribute that unused authority to other states that are able to use the funds, with priority given to states with large existing balances.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift100% confidence

Revenue-Linked Spending

The bill shifts from a model of authorized spending to a revenue-constrained model for the Highway Trust Fund.

Connected Entities

organizationSecretary of the TreasuryThe bill references this agencyMap →
dollar_amount49The bill references this titleMap →
otherTitle 49The bill references this titleMap →
dollar_amount202The bill references this sectionMap →
date1986The bill references this yearMap →
dateOctober 1, 2025The bill takes effect on this dateMap →
otherPublic Law 112-141The bill references this lawMap →
otherInternal Revenue Code of 1986The bill amends this codeMap →
otherSection 5338The bill amends this sectionMap →
organizationSecretary of TransportationThe bill references this agencyMap →
otherSection 104The bill references this sectionMap →
dateAugust 1The bill references this dateMap →
dollar_amount5505The bill's identifierMap →
dollar_amount104The bill references this sectionMap →
organizationCommittee on Environment and Public WorksReferred the bill to this committeeMap →
otherMAP-21The bill references this actMap →
otherSection 202The bill references this sectionMap →
organizationUnited States SenateIntroduced and referred the bill to the Committee on Environment and Public WorkMap →
organizationBureau of Transportation StatisticsThe bill references this agencyMap →
dollar_amount204The bill references this sectionMap →
dollar_amount144The bill references this sectionMap →
personLeeIntroduced the bill in the SenateMap →
dollar_amount5338The bill references this sectionMap →
otherSection 144The bill references this sectionMap →
organizationHighway Trust FundThe bill aims to limit spending from this fundMap →
otherSection 204The bill references this sectionMap →
otherUnited States CodeThe bill references this codeMap →
dollar_amount9503The bill references this sectionMap →
bill_numberS. 5505The bill's identifierMap →
dateDecember 12, 2024The bill was introduced on this dateMap →
otherTitle 23The bill references this titleMap →
otherSection 9503The bill references this sectionMap →
dollar_amount23The bill references this titleMap →

Analysis Score

0–100
  • Significance85
    How much this matters to a regular citizen
  • Controversy60
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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