S. 2557: A bill to require certain transportation projects to include a value-for-money analysis, and for other purposes.
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S. 2557: A bill to require certain transportation projects to include a value-for-money analysis, and for other purposes.
117th Congress · introduced 2021-07-29 · Transportation and Public Works · Latest: Read twice and referred to the Committee on Environment and Public Works.
federal
Follow this bill, step by step
- Where it came from: introduced 2021-07-29 · official record
- Who proposed it: Sen. Portman, Rob [R-OH] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Read twice and referred to the Committee on Environment and Public Works. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
A bill to require certain transportation projects to include a value-for-money analysis, and for other purposes.
Plain summary
This bill requires a value-for-money analysis as part of certain applications for financial assistance for transportation projects. An applicant for assistance through the Transportation Infrastructure Finance and Innovation Act program and the Railroad Rehabilitation and Improvement Financing program must include the analysis if the project (1) has an estimated cost that exceeds $750 million, and (2) is carried out in a state that authorizes the use of public-private partnerships for transportation projects. The analysis must address, among other matters, the cost of using public funding versus private financing. Additionally, the Department of Transportation must (1) report to Congress about the use of private financing for such transportation projects and the benefits of value-for-money analysis; and (2) issue guidance on performance benchmarks, risk premiums, and expected rates of return on private financing for transportation.
Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.
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What does this mean? (plain words)
Official text
A bill to require certain transportation projects to include a value-for-money analysis, and for other purposes.
Source: Congressional Research Service summary (Introduced in Senate)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Sen. Portman, Rob [R-OH] · 1 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (1)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in Senate)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117s2557.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/s>
Record fed-us-cong117-s2557 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117