President Trump said “We do not need new laws” Saying he would “work within the existing system and framework.”
HR 22 “THE FAST ACT” IS AN EXISTING LAW
AND PROVIDES FUNDING THROUGH 2020, MONEY THAT THE TRUMP ADMINISTRATION CAN WORK WITHIN (A 490 PAGE DOCUMENT)
THE LAW AND THE AUTHORIZATION AND THE APPROPRIATIONS OF FUNDS, OUT OF THE HIGHWAY TRUST FUND WAS APPROVED BY CONGRESS. HR 22, THE FAST ACT WAS SIGNED INTO LAW BY PRESIDENT OBAMA DEC 4, 2015.
THIS ACT MAY BE CITED AS THE ”FIXING AMERICA’S SURFACE TRANSPORTATION ACT” OR THE ”FAST ACT”. (b) TABLE OF CONTENTS.—for The table of contents for this Act. click on the link above
PRESIDENT TRUMP’S PICK, ELAINE CHAO IS THE HEAD OF THE DEPARTMENT OF TRANSPORTATION, JAN 30 2017, REPLACING THE OUTGOING SECRETARY ANTHONY FOXX.
IN 2015 OUTGOING SECRETARY FOXX SAID THIS ABOUT THE “FAST ACT”; IT’S NOT PERFECT, AND THERE IS STILL MORE LEFT TO DO, BUT IT REFLECTS A BIPARTISAN COMPROMISE I ALWAYS KNEW WAS POSSIBLE.”
INDEED, IT’S THE LAW AND IT’S THE TAXPAYERS MONEY APPROVED BY CONGRESS THROUGH 2020.
CITED AS THE ”FIXING AMERICA’S SURFACE TRANSPORTATION ACT” OR THE ”FAST ACT”
PAGES 11 AND 12 OF H. R. 22—”THE FAST ACT”
FOLLOW THE MONEY AND NOTE THE BIPARTISAN COMPROMISE’S
TITLE I—FEDERAL-AID HIGHWAYS
Subtitle A—Authorizations and Programs
SEC. 1101. AUTHORIZATION OF APPROPRIATIONS.
(a) IN GENERAL
The following sums are authorized to be
appropriated out of the Highway Trust Fund
OTHER THAN THE MASS TRANSIT ACCOUNT
Jan 30, 2017 added for clarity
In 2014, governments at various levels spent $165 billion
to build, operate, and maintain highways, and they spent
$65 billion on mass transit systems. (continued at the bottom)
(1) FEDERAL AID HIGHWAY PROGRAM
For the national highway performance program under
section 119 of title 23, United States Code, the surface transportation
block grant program under section 133 of that title, the highway
safety improvement program under section 148 of that title, the
congestion mitigation and air quality improvement program
under section 149 of that title, the national highway freight
program under section 167 of that title, and to carry out section
134 of that title—
(A) $39,727,500,000 FOR FISCAL YEAR 2016;
(B) $40,547,805,000 FOR FISCAL YEAR 2017;
(C) $41,424,020,075 FOR FISCAL YEAR 2018;
(D) $42,358,903,696 FOR FISCAL YEAR 2019; AND
(E) $43,373,294,311 FOR FISCAL YEAR 2020.
(2) TRANSPORTATION INFRASTRUCTURE FINANCE
AND INNOVATION PROGRAM
For credit assistance under the
transportation infrastructure finance and innovation program
under chapter 6 of title 23, United States Code—
(A) $275,000,000 for fiscal year 2016;
(B) $275,000,000 for fiscal year 2017;
(C) $285,000,000 for fiscal year 2018;
(D) $300,000,000 for fiscal year 2019; and
(E) $300,000,000 for fiscal year 2020.
(3) FEDERAL LANDS AND TRIBAL TRANSPORTATION PROGRAMS
(A) TRIBAL TRANSPORTATION PROGRAM
For the tribal transportation program under section 202 of title 23,
United States Code—
(i) $465,000,000 for fiscal year 2016;
(ii) $475,000,000 for fiscal year 2017;
(iii) $485,000,000 for fiscal year 2018;
(iv) $495,000,000 for fiscal year 2019; and
(v) $505,000,000 for fiscal year 2020.
(B) FEDERAL LANDS TRANSPORTATION PROGRAM
(i) IN GENERAL.FOR THE FEDERAL LANDS
transportation program under section 203 of title 23, United
(I) $335,000,000 for fiscal year 2016;
(II) $345,000,000 for fiscal year 2017;
(III) $355,000,000 for fiscal year 2018;
(IV) $365,000,000 for fiscal year 2019; and
(V) $375,000,000 for fiscal year 2020.
(ii) ALLOCATION.—Of the amount made available
for a fiscal year under clause
(I) THE AMOUNT FOR THE NATIONAL PARK SERVICE
(aa) $268,000,000 for fiscal year 2016;
(bb) $276,000,000 for fiscal year 2017;
(cc) $284,000,000 for fiscal year 2018;
(dd) $292,000,000 for fiscal year 2019; and
(ee) $300,000,000 for fiscal year 2020.
The new DOI Sec. Zinke hinted at the hearing that one priority in an expected Trump-backed infrastructure bill will be to address a $12 billion backlog in maintenance at National Parks (NPS).
(II) THE AMOUNT FOR THE UNITED STATES FISH
AND WILDLIFE SERVICE is
$30,000,000 FOR EACH OF
FISCAL YEARS 2016 THROUGH 2020; AND
(III) THE AMOUNT FOR THE UNITED STATES FOREST
(aa) $15,000,000 for fiscal year 2016;
(bb) $16,000,000 for fiscal year 2017;
(cc) $17,000,000 for fiscal year 2018;
(dd) $18,000,000 for fiscal year 2019; and
(ee) $19,000,000 for fiscal year 2020.
(C) FEDERAL LANDS ACCESS PROGRAM
For the Federal lands access program under section 204
of title 23, United States Code—
(i) $250,000,000 for fiscal year 2016;
(ii) $255,000,000 for fiscal year 2017;
(iii) $260,000,000 for fiscal year 2018;
(iv) $265,000,000 for fiscal year 2019; and
(v) $270,000,000 for fiscal year 2020.
(4) TERRITORIAL AND PUERTO RICO HIGHWAY PROGRAM
For the territorial and Puerto Rico highway program under
section 165 of title 23, United States Code, $200,000,000 for
each of fiscal years 2016 through 2020.
(5) NATIONALLY SIGNIFICANT FREIGHT
AND HIGHWAY PROJECTS
For nationally significant freight and highway
projects under section 117 of title 23, United States Code—
(A) $800,000,000 FOR FISCAL YEAR 2016;
(B) $850,000,000 FOR FISCAL YEAR 2017;
(C) $900,000,000 FOR FISCAL YEAR 2018;
(D) $950,000,000 FOR FISCAL YEAR 2019; AND
(E) $1,000,000,000 FOR FISCAL YEAR 2020.
YEP, THAT IS ONE TRILLION DOLLARS.
PRESIDENT TRUMP HAS MANY OPTIONS JAN 30, 2017
HR 22 THE FAST ACT IS AN EXISTING LAW AND PROVIDES FUNDING THROUGH 2020, MONEY THAT THE TRUMP ADMINISTRATION CAN WORK WITHIN (A 490 PAGE DOCUMENT)
JUN 17, 2015 – HERE’S A 24 PAGE SUMMARY, PROVIDED BY THE CONGRESSIONAL BUDGET OFFICE ON THE STATUS OF THE HIGHWAY TRUST FUND AND “OPTIONS” FOR PAYING FOR HIGHWAY SPENDING
JUN 17, 2015 – SUMMARY. 1. SPENDING FOR HIGHWAYS AND MASS TRANSIT …
$65 BILLION ON MASS TRANSIT SYSTEMS. … the fund’s highway account or its transit account.
JUN 17, 2015, snippets facts, options and oops.
Since 2008, in fact, lawmakers have transferred $65 billion
from the U.S. Treasury’s general fund to the Highway
Trust Fund so that the trust fund’s obligations could be
met in a timely manner.
The trust fund could continue to receive supplements
from the Treasury’s general fund. Lawmakers could maintain
funding for surface transportation programs at the average
amounts provided in recent years, but to do so they would need
to transfer $3 billion before the end of fiscal year 2015 and
between $11 billion and $22 billion every year thereafter
through 2015, Spending resulting from such general fund transfers
could be paid for by reducing other spending or by
increasing revenues from broad-based taxes, or such
transfers could add to deficits and thus increase federal
Moreover, with its current revenue sources, the Highway
Trust Fund cannot support spending at the current rate.
The Congressional Budget Office estimates that spending
in fiscal year 2015 for highways and transit programs
funded from the Highway Trust Fund will be $44 billion
and $8 billion, respectively, whereas revenues collected
for those purposes are projected to be $34 billion and
$5 billion, respectively.
By CBO’s estimate, at the end of fiscal year 2015,
the balance in the trust fund’s highway account will fall to
about $2 billion and the balance in its transit account will be
about $1 billion.
The Department of Transportation (DOT) would probably need
to delay payments to states at some point before the end of fiscal
year 2015 in order to keep the fund’s balance above zero,
AS REQUIRED BY LAW. IN FACT, BECAUSE OF THE TIMING OF
THE DEPOSITS TO THE TRUST FUND,
Years are federal fiscal years, which run from October 1 to September 30 and are designated by the calendar year in which they end.
DOT HAS STATED THAT IT WOULD NEED TO DELAY PAYMENTS IF
CASH BALANCES FELL BELOW $4 BILLION IN THE HIGHWAY ACCOUNT
OR BELOW $1 BILLION IN THE TRANSIT ACCOUNT.
THEN, IF NOTHING CHANGES, THE TRUST FUND’S BALANCE
WILL BE INSUFFICIENT TO MEET ALL OF ITS OBLIGATIONS IN
FISCAL YEAR 2016, AND THE TRUST FUND WILL INCUR STEADILY
ACCUMULATING SHORTFALLS IN SUBSEQUENT YEARS.
The bottom line
THANK GOD SOMETHING CHANGED ON NOV 8, 2016
Jan 30, 2017 DONALD J. TRUMP IS THE PRESIDENT OF THE UNITED STATES OF AMERICA
AND, UNDER THE MANY LAWS, PRESIDENT TRUMP HAS MANY OPTIONS.