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

handle is hein.congrecreports/crptxsqf0001 and id is 1 raw text is: AUT-ENTICATED

                                                       Calendar No. 150
                  114TH CONGRESS                                    REPORT
                     1st Session J                                  114-80

                                  THE  ECONOMY (DRIVE) ACT

                                  JULY 15, 2015.-Ordered to be printed

                     Mr. INHOFE, from the Committee on Environment and Public
                                   Works, submitted the following


                                         [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

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