Bill > S1808

This bill establishes a pilot program for the transfer and sale of toll credits. The key provisions are: 1. The Secretary of Transportation will establish a toll credit exchange pilot program within 1 year of the bill's enactment to identify the demand for purchasing toll credits, determine the cash price of toll credits through transactions between states, analyze the impact on transportation expenditures, test the feasibility of expanding the program to all states, and identify any other repercussions. 2. The Secretary will select up to 10 "originating states" that are eligible to use toll credits under federal law to participate in the pilot program and sell or transfer their unused toll credits to "recipient states." 3. Originating states and recipient states can enter into bilateral transactions to sell or transfer verified toll credits, and they must notify the Secretary within 30 days of any such transaction. 4. Recipient states can use the transferred or purchased toll credits towards the non-federal share requirement for any funds made available for federal transportation programs, while originating states must use the proceeds from selling credits for eligible transportation projects. 5. The Secretary must submit initial and final reports to Congress on the progress and findings of the pilot program, which may be terminated if it is not serving a public benefit or is not cost-effective.

Agriculture and Natural Resources

https://www.congress.gov/bill/117th-congress/senate-bill/1808/all-info