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DRIVE Act
3/8/2024, 3:54 PM
Summary of Bill S 2671
The DRIVE Act, also known as Bill 118 s 2671, is a piece of legislation introduced in the US Congress that focuses on transportation infrastructure and funding. The bill aims to provide long-term funding for transportation projects across the country, including highways, bridges, and public transportation systems.
One of the key provisions of the DRIVE Act is the establishment of a new formula-based program called the Transportation Infrastructure Finance and Innovation Act (TIFIA). This program would provide loans, loan guarantees, and lines of credit to help finance transportation projects, with a focus on projects that have a significant impact on economic growth and job creation.
Additionally, the DRIVE Act includes provisions to streamline the environmental review process for transportation projects, in order to expedite project delivery and reduce costs. The bill also includes measures to improve safety on the nation's roadways, such as funding for highway safety programs and initiatives to reduce traffic congestion. Overall, the DRIVE Act aims to address the growing infrastructure needs of the United States and provide long-term funding for transportation projects that will support economic growth and improve the quality of life for all Americans.
One of the key provisions of the DRIVE Act is the establishment of a new formula-based program called the Transportation Infrastructure Finance and Innovation Act (TIFIA). This program would provide loans, loan guarantees, and lines of credit to help finance transportation projects, with a focus on projects that have a significant impact on economic growth and job creation.
Additionally, the DRIVE Act includes provisions to streamline the environmental review process for transportation projects, in order to expedite project delivery and reduce costs. The bill also includes measures to improve safety on the nation's roadways, such as funding for highway safety programs and initiatives to reduce traffic congestion. Overall, the DRIVE Act aims to address the growing infrastructure needs of the United States and provide long-term funding for transportation projects that will support economic growth and improve the quality of life for all Americans.
Congressional Summary of S 2671
Deregulating Restrictions on Interstate Vehicles and Eighteen-wheelers Act or the DRIVE Act
This bill prohibits the Federal Motor Carrier Safety Administration (FMCSA) from issuing any rule or regulation to require vehicles that have a gross vehicle weight of more than 26,000 pounds and are operating in interstate commerce to be equipped with a speed limiting device set to a maximum speed. The FMCSA issued an advance notice of supplemental proposed rulemaking on this subject on May 4, 2022.
Read the Full Bill
Current Status of Bill S 2671
Bill S 2671 is currently in the status of Bill Introduced since July 27, 2023. Bill S 2671 was introduced during Congress 118 and was introduced to the Senate on July 27, 2023. Bill S 2671's most recent activity was Read twice and referred to the Committee on Commerce, Science, and Transportation. as of July 27, 2023
Bipartisan Support of Bill S 2671
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
20Democrat Cosponsors
0Republican Cosponsors
20Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 2671
Primary Policy Focus
Transportation and Public WorksAlternate Title(s) of Bill S 2671
DRIVE Act
DRIVE Act
Deregulating Restrictions on Interstate Vehicles and Eighteen-wheelers Act
A bill to prohibit the Administrator of the Federal Motor Carrier Safety Administration from issuing a rule or promulgating a regulation requiring certain vehicles to be equipped with speed limiting devices, and for other purposes.
A bill to prohibit the Administrator of the Federal Motor Carrier Safety Administration from issuing a rule or promulgating a regulation requiring certain vehicles to be equipped with speed limiting devices, and for other purposes.
Comments
Sponsors and Cosponsors of S 2671
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