S. 2487 — Introduced in Senate

II 117th CONGRESS 1st Session S. 2487 IN THE SENATE OF THE UNITED STATES July 27, 2021Ms. Ernst (for herself and Ms. Lummis) introduced the following bill; which was read twice and referred to the Committee on Commerce, Science, and Transportation A BILL To prohibit the provision of Federal assistance to transit and rail projects with significant cost overruns and that are projected to lose money, and for other purposes. 1. Short title This Act may be cited as the Put the Brakes on Boondoggles Act. 2. Prohibition on use of Federal funds for certain transit and rail projects Notwithstanding any other provision of law, the Secretary of Transportation shall not provide any new assistance for a transit or rail project if— (1) the overall cost projection to complete the project exceeds the original cost projection by at least $1,000,000,000; and (2) the operational and administrative costs of the service provided by the project are projected to exceed the revenues generated from ridership annually over the next decade.