More road and transportation projects could use a shorter federal review process. The bill doubles two cost limits, from $6 million to $12 million and from $35 million to $70 million.
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SPEED Act is a House bill in committee. The latest recorded action: Referred to the Subcommittee on Highways and Transit.
Latest action on H.R. 4059: Referred to the Subcommittee on Highways and Transit.
Who this affects: This bill mainly affects people and groups involved in federally supported transportation projects. State and local transportation offices could have more projects qualify for faster review. Builders and contractors could see some projects move sooner. Communities and environmental groups could see fewer full studies for some projects near them.
Why this matters: This matters because it could speed up some transportation projects while reducing deeper review for others. Higher dollar limits mean more projects may count as small under the law. That could help projects move through approval faster. It could also mean some mid-sized projects get less study before work begins.
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