Bill > HR2340

This bill directs the Secretary of Transportation to establish a toll credit exchange pilot program. The key provisions of the bill include: 1. Defining key terms such as "originating state" (a state eligible to use toll credits under existing law), "recipient state" (a state that receives toll credits through the pilot program), and "pilot program" (the toll credit exchange program established by the bill). 2. Requiring the Secretary to select up to 10 originating states to participate in the pilot program, based on applications that demonstrate the availability of unused toll credits and proper accounting practices. 3. Allowing originating states to transfer or sell verified unused toll credits to recipient states through bilateral transactions, with the requirement to notify the Secretary of these transactions. 4. Authorizing recipient states to use the purchased toll credits towards the non-federal share of transportation projects, while requiring originating states to use the proceeds from credit sales for eligible construction projects. 5. Mandating the Secretary to submit initial and final reports to Congress on the progress and viability of the pilot program, including an assessment of whether it could be expanded to more states or non-state toll facility operators. The overall purpose of the bill is to test the feasibility of a toll credit exchange program, which could allow states to better utilize their available toll credits and support transportation infrastructure investments.

Transportation and Infrastructure

https://www.congress.gov/bill/117th-congress/house-bill/2340/all-info