S 2557
A bill to require certain transportation projects to include a value-for-money analysis, and for other purposes.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill requires a detailed ‘value for money’ analysis for large transportation projects receiving federal assistance. Specifically, projects costing over $750 million, carried out in states using public-private partnerships, and funded through programs like TIFIA, must evaluate the costs and benefits of using public versus private financing. The Department of Transportation will also report to Congress on private financing trends and provide guidance to help ensure these projects are cost-effective.
Sponsors
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Primary sponsor
Rob Portman
Cosponsor
Joe, III Manchin
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