Summary
Transportation Empowerment Act - Authorizes appropriations out of the Highway Trust Fund (HTF) for the interstate maintenance program, the interstate and Indian reservation bridge program, the Federal lands highways program, highway safety programs, and transportation research programs. Authorizes a state, upon determining that excess funds have been made available, to transfer the excess funds to, and use such funds for, any surface transportation purpose (including mass transit and rail) in the state. Revises requirements regarding state apportionments under the interstate maintenance component for resurfacing, restoring, rehabilitating, and reconstructing the Interstate System.
Amends the Internal Revenue Code (IRC) to: (1) extend the availability of HTF funds for authorized expenditures; (2) set a essential programs financing rate for gasoline, special motor fuels, kerosene, and diesel fuel; (3) establish in the HTF an Infrastructure Special Assistance Fund; and (4) provide for the return of excess tax receipts to states for transportation purposes.
Directs the head of each executive agency to: (1) assist state and local governments in efforts to privatize their transportation infrastructure assets; and (2) approve requests from such governments to privatize such assets and waive or modify conditions relating to the original Federal program that funded the asset under specified circumstances.
Amends the IRC to reduce taxes on gasoline, diesel fuel, kerosene, and special fuels funding the HTF.
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