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S 5235 United States Senate · 118th Congress

Fiscally Responsible Highway Funding Act of 2024

The Fiscally Responsible Highway Funding Act of 2024 redistributes $1.8 billion in unobligated funds from the federal transportation infrastructure credit program and a prior program to states for highway projects. It requires the Secretary of Transportation to allocate these funds based on each state’s share of the 2025 highway funding apportionment. The bill also mandates redistributing 75% of unobligated funds from the transportation infrastructure credit program for fiscal years 2025 and 2026 to states in the same proportional manner. These funds must be used for highway projects under standard federal rules, with 2025 funds available until 2028 and 2026 funds until 2029.
Issues: ✓ Budget & TaxesSupports Budget & TaxesRedistributes unobligated funds per apportionment, promoting fiscal responsibility without new taxes or cuts to highway funding.90% confidence ✓ TransportationSupports TransportationRedistributes $1.8B in unobligated funds to states for highway projects, directly funding transportation infrastructure as required by the bill's allocation mandate.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Sep 2024
Committee Review
Floor Vote
President
Introduced Sep 25, 2024 Last action Sep 25, 2024
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Sep 25, 2024
Committee
Read twice and referred to the Committee on Environment and Public Works.
upper
Sep 25, 2024
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Shelley Moore Capito
Shelley Moore Capito
RRepublican
WV
n/a
Co
Photo of Thomas R. Carper
Thomas R. Carper
DDemocratic
DE
n/a