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1 S. 2302, America's Transportation Infrastructure Act of 2019, as Reported by the Senate Committee on Environment and Public Works on August 1, 2019 1 (November 12, 2019)

handle is hein.congrec/cboacatrp0001 and id is 1 raw text is: j Congressional Budget Office Cost Estimate November 12, 2019 By Fiscal Year, Millions of Dollars 2020 2020-2024 2020-2029 Direct Spending (Outlays) 0 705 815 Revenuesa 0 Increase or Decrease (-) in the Deficit -18 -168 723 983 The bill would * Provide $287 billion in contract authority for the Federal-Aid Highway Program over the 2021-2025 period * Cancel an $8 billion rescission in the Federal-Aid Highway Program currently scheduled for 2020 * Authorize $284 billion in obligation limitations for the Federal-Aid Highway Program over the 2021-2025 period * Authorize appropriations for other transportation-related projects and activities Estimated budgetary effects would primarily stem from * Spending of amounts authorized in the bill * Increases in the rate at which previously provided funds are spent within the Federal-Aid Highway Program * Decreases in revenues because of states' increased use of tax-exempt bonds Areas of significant uncertainty include * Estimating the number of states that would exchange federal funding for one transportation program to participate in another, and estimating the amounts of funding those exchanges would involve Detailed estimate begins on the next page.

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