S. 2557 · 117th Congress
A bill to require certain transportation projects to include a value-for-money analysis, and for other…
Full title
A bill to require certain transportation projects to include a value-for-money analysis, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
PortmanSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires a value-for-money analysis as part of certain applications for financial assistance for transportation projects.
What it does: CRS summary · Introduced in Senate · Jul 29, 2021
This bill requires a value-for-money analysis as part of certain applications for financial assistance for transportation projects.
An applicant for assistance through the Transportation Infrastructure Finance and Innovation Act program and the Railroad Rehabilitation and Improvement Financing program must include the analysis if the project (1) has an estimated cost that exceeds $750 million, and (2) is carried out in a state that authorizes the use of public-private partnerships for transportation projects. The analysis must address, among other matters, the cost of using public funding versus private financing.
Additionally, the Department of Transportation must (1) report to Congress about the use of private financing for such transportation projects and the benefits of value-for-money analysis; and (2) issue guidance on performance benchmarks, risk premiums, and expected rates of return on private financing for transportation.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to require certain transportation projects to include a value-for-money analysis, and for other purposes.
Latest action (Jul 29, 2021): Read twice and referred to the Committee on Environment and Public Works.
Policy area: Transportation and Public Works · Origin: Senate · Introduced: Jul 29, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.