Highway Formula Fairness Act
The Highway Formula Fairness Act (HR 10462) changes how federal highway funds are distributed to states starting in fiscal year 2024. It requires the federal government to calculate each state's share based on that state's proportion of highway user tax payments to the Highway Trust Fund (excluding mass transit funds) relative to all states. The bill ensures states receive at least 95% of the amount they would get under this new formula, preventing any state from receiving less than this threshold. This directly affects all states receiving highway funds under specified programs (sections 119, 133, 148, 149, 167, 175, 176(c), and 134). The change aims to make funding more reflective of each state's contribution to the Highway Trust Fund.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
President
Introduced Dec 17, 2024
Last action Dec 17, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Dec 17, 2024
Committee
Referred to the House Committee on Transportation and Infrastructure.
lower
Dec 17, 2024
Introduced
Introduced in House
lower
1 primary · 5 co-sponsors
Sponsors
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