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S. Rept. 114-80 1 (2015-07-15)

handle is hein.congrecreports/crptxsqf0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP Calendar No. 150 114TH CONGRESS REPORT 1st Session J 114-80 DEVELOPING A RELIABLE AND INNOVATIVE VISION FOR THE ECONOMY (DRIVE) ACT JULY 15, 2015.-Ordered to be printed Mr. INHOFE, from the Committee on Environment and Public Works, submitted the following REPORT [To accompany S. 1647] [Including cost estimate of the Congressional Budget Office] The Committee on Environment and Public Works, to which was referred the bill (S. 1647) to reauthorize Federal-aid highway and highway safety construction programs, and for other purposes, hav- ing considered the same, reports favorably thereon with amend- ments and recommends that the bill, as amended, do pass. PURPOSE OF THE LEGISLATION S. 1647, as amended, authorizes Federal-aid highway and high- way safety construction programs through Fiscal Year 2021. GENERAL STATEMENT AND BACKGROUND Legislation authorizing Federal investment in our nation's high- ways date back nearly 100 years, to the passage of the Federal Aid Road Act of 1916 and the Federal Highway Act of 1921. However, it was the enactment of the Federal-Aid Highway Act of 1956 which significantly increased Federal investment in America's highway system, directed considerable funding to the building of the Interstate System, and established the Highway Trust Fund as the mechanism for financing the highway program. In addition, passage of the Highway Revenue Act of that same year increased some of the existing highway-related taxes, established new taxes, and provided that most of the revenues from these taxes be depos- ited in the Highway Trust Fund as the means to finance the Fed- eral-aid highway program. A number of multi-year authorization 49-010

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