Highway Formula Modernization Act of 2023

Hozzl · 2023-12-15T16:05:52Z

Explore the details of Senate Bill 352 Highway Formula Modernization Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Transportation and Public Works. Stay informed on legislative developments.

12/15/2023, 4:05 PM

Summary of Bill S 352

Bill 118 s 352, also known as the Highway Formula Modernization Act of 2023, is a piece of legislation currently being considered by the US Congress. The main goal of this bill is to update and modernize the formula used to allocate federal funding for highway projects across the country.

The current formula for distributing federal highway funds is outdated and does not accurately reflect the needs of states and localities. The Highway Formula Modernization Act aims to address this issue by creating a more equitable and efficient system for distributing funds based on factors such as population, traffic volume, and infrastructure conditions.

One key provision of the bill is the establishment of a new formula that takes into account the specific needs of each state and region. This will help ensure that federal funding is allocated in a way that maximizes the impact of highway projects and improves overall transportation infrastructure. Additionally, the Highway Formula Modernization Act includes provisions to streamline the application process for federal highway funds, reduce bureaucratic red tape, and increase transparency in how funds are allocated. This will help expedite the delivery of much-needed infrastructure improvements and ensure that taxpayer dollars are being used effectively. Overall, the Highway Formula Modernization Act of 2023 is a bipartisan effort to modernize the way federal highway funds are distributed and improve the nation's transportation infrastructure. If passed, this bill has the potential to benefit communities across the country by facilitating the timely completion of critical highway projects.

Congressional Summary of S 352

Highway Formula Modernization Act of 2023

This bill requires the Department of Transportation (DOT) to study the methods and data used to apportion certain federal-aid highway funding and develop recommendations for a new apportionment method. DOT must also (1) consult with state departments of transportation and representatives of local governments on the study and recommendations, and (2) report annually to Congress on the progress of the study and submit a final report on completion of the study.

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Current Status of Bill S 352

Bill S 352 is currently in the status of Bill Introduced since February 9, 2023. Bill S 352 was introduced during Congress 118 and was introduced to the Senate on February 9, 2023. Bill S 352's most recent activity was Read twice and referred to the Committee on Environment and Public Works. as of February 9, 2023

Bipartisan Support of Bill S 352

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 352

Primary Policy Focus

Transportation and Public Works

Potential Impact Areas

Government information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsInfrastructure developmentIntergovernmental relationsRoads and highwaysTransportation programs funding

Alternate Title(s) of Bill S 352

Highway Formula Modernization Act of 2023Highway Formula Modernization Act of 2023A bill to require the Secretary of Transportation to carry out a highway formula modernization study, and for other purposes.

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Comments

Sponsors and Cosponsors of S 352

Mark Kelly

Arizona(Democrat)

Ted Cruz

Texas(Republican)

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