Multimodal Transportation Financing Act

The Multimodal Transportation Financing Act (S. 870) seeks to modernize how the United States funds large-scale transit projects by changing federal tax rules for infrastructure bonds. The bill would make it easier and cheaper for state and local governments to finance a variety of projects, including high-speed rail, mass transit systems, and facilities that transfer freight between trucks and trains. For the average citizen, this legislation is designed to accelerate the construction of regional transportation improvements and reduce traffic congestion by encouraging private investment in public infrastructure.