H.R. 5730: Surface Tranportation Earmark Rescission, Savings, and Accountability Act

H.R. 5730

Surface Tranportation Earmark Rescission, Savings, and Accountability Act

Date
July 27, 2010 (111th Congress, 2nd Session)

Staff Contact
Communications

Floor Situation

The House is scheduled to consider H.R. 5730 on Tuesday, July 27, 2010, under suspension of the rules, requiring a two-thirds majority vote for passage.  This legislation was introduced by Rep. Betsey Markey (D-CO).

Bill Summary

H.R. 5730 would rescind nearly 309 unspent earmark surface transportation projects.  Although there is no CBO estimate available to verify the savings from such rescissions, it is unlikely the bill would have any real impact on reducing the deficit.  The bill will not produce any real savings because, among other reasons, states never obligated most of these funds and therefore CBO assumed years ago that this funding would never be spent.

The bill rescinds the High Priority Project program funds authorized by Safe, Accountable, Flexible, Efficient Transportation Equity Act (SAFETEA-LU) and rescinds unobligated balance available on September 30, 2011, for any project for which less than 10 percent of the amount authorized for such project has not been obligated for all highway projects under the Transportation Equity Act (TEA-21)

The bill also repeals the Appalachian Development System corridor designated in the TEA-21. 

H.R. 5730 rescinds, as of December 31, 2010, all remaining earmarks designated in the 1991 Intermodal Surface Transportation Efficiency Act and the 1987 Surface Transportation and Uniform Relocation Assistance Act.

Background

Transportation and Infrastructure Committee never acted on the underlying bill, and therefore, it is unlikely the Congressional Budget Office will report a score by the time this bill is voted on.

Cost

A Congressional Budget Office score for H.R. 5825 was not available as of press time.