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{{Redirect|FAST Act|California's fast food labor law|California FAST Recovery Act}}

{{Use mdy dates|date=August 2021}}
{{Infobox U.S. legislation
{{Infobox U.S. legislation
| name = Fixing America’s Surface Transportation Act
| name = Fixing America's Surface Transportation Act
| shorttitle = Fixing America’s Surface Transportation Act
| shorttitle = Fixing America's Surface Transportation Act
| othershorttitles = Federal Public Transportation Act of 2015<br/>
| othershorttitles =
⚫
| fullname = An act to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes
Transportation for Tomorrow Act of 2015<br/>
⚫
| acronym = FAST Act
Hazardous Materials Transportation Safety Improvement Act of 2015<br/>
⚫
| nickname =
Passenger Rail Reform and Investment Act of 2015<br/>
Track, Railroad, and Infrastructure Network Act<br/>
Railroad Infrastructure Financing Improvement Act<br/>
Raechel and Jacqueline Houck Safe Rental Car Act of 2015<br/>
Driver Privacy Act of 2015<br/>
Safety Through Informed Consumers Act of 2015<br/>
Tire Efficiency, Safety, and Registration Act of 2015<br/>
Motor Vehicle Safety Whistleblower Act<br/>
Export-Import Bank Reform and Reauthorization Act of 2015<br/>
State Licensing Efficiency Act of 2015<br/>
Helping Expand Lending Practices in Rural Communities Act of 2015
⚫
| fullname = An Act to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes
⚫
| acronym =
⚫
| nickname = FAST Act
| enacted by = 114th
| enacted by = 114th
| effective date =
| effective date = December 4, 2015
| public law url =
| public law url =
| cite public law = {{USPL|114|94}}
| cite public law = {{USPL|114|94}}
| cite statutes at large =
| cite statutes at large = {{USStat|129|1312}}
| acts amended =
| acts amended = [[Securities Act of 1933]]
| acts repealed =
| acts repealed =
| title amended =
| title amended = [[Title 23 of the United States Code|23 U.S.C.: Highways]]
| sections created =
| sections created =
| sections amended =
| sections amended =
| leghisturl = http://thomas.loc.gov/cgi-bin/bdquery/z?d114:HR00022:@@@S
| leghisturl = https://www.congress.gov/bill/114th-congress/house-bill/22/actions
| introducedin =
| introducedin = House
| introducedbill = "Hire More Heroes Act of 2015" ([https://www.congress.gov/bill/114th-congress/house-bill/22/summary/H.R. 22])
| introducedbill =
| introducedby = [[Rodney Davis (politician)|Rodney Davis]] ([[Republican Party (United States)|R]]–[[Illinois|IL]])
| introducedby =
| introduceddate =
| introduceddate = January 6, 2015
| committees =
| committees =
| passedbody1 =
| passedbody1 = House
| passeddate1 =
| passeddate1 = January 6, 2015
| passedvote1 =
| passedvote1 = [[unanimous consent]], [https://clerk.house.gov/Votes/20157 412-0]
| passedbody2 =
| passedbody2 = Senate
| passeddate2 =
| passeddate2 = July 30, 2015
| passedvote2 = [http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=114&session=1&vote=00260 65-34]
| passedvote2 =
| conferencedate =
| passedbody3 = House
| passedbody3 =
| passeddate3 = December 3, 2015
| passedvote3 = [https://clerk.house.gov/Votes/2015673 359-65]
| passeddate3 =
| passedvote3 =
| passedbody4 = Senate
| passedbody4 =
| passeddate4 = December 3, 2015
| passedvote4 = [http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=114&session=1&vote=00331 83-16]
| passeddate4 =
| conferencedate = December 3, 2015
| passedvote4 =
| signedpresident = [[Barack Obama]]
| signedpresident = [[Barack Obama]]
| signeddate = December 4, 2015
| signeddate = December 4, 2015
Line 54: Line 44:
}}
}}


The '''Fixing America’s Surface Transportation (FAST) Act''' is a funding and authorization bill to govern [[United States]] federal surface transportation spending. It was passed by Congress on December 3, 2015, and President [[Barack Obama]] signed it on December 4.<ref name="TheHill">{{cite news |last1=Laing |first1=Keith |last2=Carney |first2=Jordain |date=December 3, 2015 |title=Senate sends $305B highway bill to Obama |url=http://thehill.com/policy/finance/262049-senate-sends-highway-bill-to-obama |work=[[The Hill (newspaper)|The Hill]] |accessdate=December 4, 2015}}</ref><ref name="TheHill2">{{cite news |last=Laing |first=Keith |date=December 4, 2015 |title=Obama signs $305B highway bill |url=http://thehill.com/policy/finance/262171-obama-signs-305b-highway-bill |work=The Hill |accessdate=December 4, 2015}}</ref> The vote was 359-65 in the House of Representatives and 83-16 in the United States Senate.<ref name="TheHill"/>
The '''Fixing America's Surface Transportation Act''' or the '''FAST Act''' is a funding and authorization bill to govern United States federal [[surface transportation]] spending. It was passed by Congress on December 3, 2015, and President [[Barack Obama]] signed it on the following day.<ref name="TheHill">{{cite news |last1=Laing |first1=Keith |last2=Carney |first2=Jordain |date=December 3, 2015 |title=Senate sends $305B highway bill to Obama |url=https://thehill.com/policy/finance/262049-senate-sends-highway-bill-to-obama/ |work=[[The Hill (newspaper)|The Hill]] |access-date=December 4, 2015}}</ref><ref name="TheHill2">{{cite news |last=Laing |first=Keith |date=December 4, 2015 |title=Obama signs $305B highway bill |url=https://thehill.com/policy/finance/262171-obama-signs-305b-highway-bill/ |work=The Hill |access-date=December 4, 2015}}</ref> The vote was 359–65 in the House of Representatives and 83–16 in the United States Senate.<ref name="TheHill"/><ref>{{cite book |last1=Frittelli |first1=John |title=Federal Freight Policy: In Brief |date=December 14, 2018 |publisher=Congressional Research Service |location=Washington, DC |url=https://fas.org/sgp/crs/misc/R44367.pdf |accessdate=December 22, 2018}}</ref>


==History==
The $305 billion, five-year bill is funded without increasing transportation [[user fee]]s.<ref>[http://usa.streetsblog.org/2015/12/02/5-year-300-billion-fast-act-will-extend-transpo-policy-status-quo-to-2020/ 5-Year, $300 Billion “FAST Act” Will Extend Transpo Policy Status Quo to 2020 | Streetsblog USA<!-- Bot generated title -->]</ref> (The federal [[fuel tax|gas tax]] was last raised in 1993.)<ref>[http://www.fhwa.dot.gov/infrastructure/gastax.cfm When did the Federal Government begin collecting the gas tax? - Ask the Rambler - Highway History - FHWA<!-- Bot generated title -->]</ref> Instead, funds were generated through changes to passport rules, [[Federal Reserve Bank]] dividends, and privatized tax collection.<ref name="TheHill"/><ref>[http://www.forbes.com/sites/kellyphillipserb/2015/12/06/congress-orders-irs-to-use-private-debt-collection-companies/ Congress Orders IRS To Use Private Debt Collection Companies - Forbes]</ref>
The bill was introduced to the House by [[Rodney Davis (politician)|Rodney Davis]] ({{uspolabbr|R|IL|link=yes}}) as the "Hire More Heroes Act of 2015" on January 6, 2015. The $305&nbsp;billion, five-year bill is funded without increasing transportation [[user fee]]s.<ref>{{cite web |url=http://usa.streetsblog.org/2015/12/02/5-year-300-billion-fast-act-will-extend-transpo-policy-status-quo-to-2020/ |title=5-Year, $300 Billion "FAST Act" Will Extend Transpo Policy Status Quo to 2020 |website=Streetsblog USA |date=December 2, 2015 |access-date=August 25, 2021}}</ref> (The federal [[fuel tax|gas tax]] was last raised in 1993.<ref>{{cite web |url=http://www.fhwa.dot.gov/infrastructure/gastax.cfm |title=When did the Federal Government begin collecting the gas tax? - Ask the Rambler - Highway History |agency=Federal Highway Administration |access-date=August 25, 2021}}</ref>) Instead, funds were generated through changes to passport rules, [[Federal Reserve Bank]] dividends, and privatized tax collection.<ref name="TheHill"/>

In Section 6021, Congress asked the [[Transportation Research Board]] (TRB) to conduct a study of the actions needed to upgrade and restore the [[Interstate Highway System]] to fulfill its role as a crucial national asset, serving the needs of people, cities and towns, businesses, and the military while remaining the safest highway network in the country. The subsequent 2019 report, "Renewing the National Commitment to the Interstate Highway System: A Foundation for the Future," recommended actions Congress could take.<ref>{{Cite book |agency=National Academies of Sciences, Engineering, and Medicine |url=https://www.nap.edu/catalog/25334/renewing-the-national-commitment-to-the-interstate-highway-system-a-foundation-for-the-future |title=Renewing the National Commitment to the Interstate Highway System: A Foundation for the Future |date=December 6, 2018 |publisher=Transportation Research Board |doi=10.17226/25334 |isbn=978-0-309-48755-9 |language=en}}</ref>

==Transportation provisions==
The Act requires a reanalysis of the costs and benefits of [[electronically controlled pneumatic brakes]].{{cn|date=April 2024}}


==Unrelated provisions==
==Unrelated provisions==


* This law authorizes the [[Export-Import Bank of the United States]] through 2019.<ref name=ref name="TheHill2"/>
* This law authorizes the [[Export–Import Bank of the United States]] through 2019.<ref name="TheHill2"/>
* New [[crop insurance]] funding is approved.<ref>{{cite news |date=December 4, 2015 |title=Highway bill has some farm help too |url=http://farmfutures.com/story-highway-bill-has-farm-help-too-0-134876 |work=Farm Futures |accessdate=December 4, 2015}}</ref>
* New [[crop insurance]] funding is approved.<ref>{{cite news |date=December 4, 2015 |title=Highway bill has some farm help too |url=http://farmfutures.com/story-highway-bill-has-farm-help-too-0-134876 |work=Farm Futures |accessdate=December 4, 2015 }}{{Dead link|date=December 2019 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
* [[Emigrant Savings Bank]] is exempted from certain provisions of the [[Dodd–Frank Wall Street Reform and Consumer Protection Act]].<ref>{{cite news |last=Carter |first=Zach |date=December 1, 2015 |title=Congress Is About To Hand This Bank A Ridiculous Gift |url=http://www.huffingtonpost.com/entry/emigrant-savings-bank-highway-bill_565e1967e4b072e9d1c3d10a |work=[[The Huffington Post]] |accessdate=December 4, 2015}}</ref>
* [[Emigrant Savings Bank]] would have been exempted from certain provisions of the [[Dodd–Frank Wall Street Reform and Consumer Protection Act]].<ref>{{cite news |last=Carter |first=Zach |date=December 1, 2015 |title=Congress Is About To Hand This Bank A Ridiculous Gift |url=http://www.huffingtonpost.com/entry/emigrant-savings-bank-highway-bill_565e1967e4b072e9d1c3d10a |work=[[The Huffington Post]] |accessdate=December 4, 2015}}</ref> This was not included in the final bill that was passed into law.<ref>{{cite web |url=https://www.govinfo.gov/content/pkg/PLAW-114publ94/html/PLAW-114publ94.htm |website=govinfo |title=114th Congress Public Law 94 |accessdate=August 25, 2021 |publisher=U.S. Government Publishing Office}}</ref>
* The Act also includes several revisions to federal securities law, including Section 76001 of the Act. This provision creates a new Section 4(a)(7) of the Securities Act of 1933, a new exemption from registration under that act intended to facilitate secondary trading of private company securities among accredited investors. By so doing, Congress and the President hoped to support smaller, nonpublic companies with their capital raising efforts by providing more liquidity for their securities, with reduced regulatory burdens.<ref>{{cite web|author1=David Lynn|author2=Anna Pinedo|title=FAST Forward: A Summary of the Securities Law Provisions of the FAST Act|website=Morrison Foerster|accessdate=21 January 2016|archiveurl=http://www.mofo.com/~/media/Files/ClientAlert/2015/12/151207FastForwardSecurities.pdf}}</ref>
* The Act also includes several revisions to federal securities law, including Section 76001 of the Act. This provision creates a new Section 4(a)(7) of the [[Securities Act of 1933]], a new exemption from registration under that act intended to facilitate secondary trading of private company securities among accredited investors. By doing so, Congress and the President hoped to support smaller, nonpublic companies with their capital raising efforts by providing more liquidity for their securities, with reduced regulatory burdens.<ref>{{cite journal|author1=David Lynn|author2=Anna Pinedo|title=FAST Forward: A Summary of the Securities Law Provisions of the FAST Act (client alert)|journal=MOFO Jumpstarter|date=December 7, 2015|url=http://www.mofo.com/~/media/Files/ClientAlert/2015/12/151207FastForwardSecurities.pdf|accessdate=January 21, 2016|publisher=Morrison Foerster}}</ref><ref>{{cite web|last1=SecondMarket|title=Secondary Trading Markets|url=https://www.sec.gov/info/smallbus/acsec/slides-acsec-meeting-030415-secondary-trading-tierney.pdf|website=Securities and Exchange Commission|accessdate=January 21, 2016}}</ref>


==References==
==References==
{{Reflist}}
{{Reflist}}


==External links==
* [https://www.govinfo.gov/content/pkg/COMPS-13423/uslm/COMPS-13423.xml Fixing America’s Surface Transportation Act] as amended ([https://www.govinfo.gov/content/pkg/COMPS-13423/pdf/COMPS-13423.pdf PDF]/[https://www.govinfo.gov/app/details/COMPS-13423 details]) in the [[United States Government Publishing Office|GPO]] [https://www.govinfo.gov/help/comps Statute Compilations collection]
* [https://www.govinfo.gov/link/plaw/114/public/94?link-type=uslm Fixing America’s Surface Transportation Act] as enacted ([https://www.govinfo.gov/link/plaw/114/public/94?link-type=pdf&.pdf PDF]/[https://www.govinfo.gov/link/plaw/114/public/94?link-type=details details]) in the [[United States Statutes at Large|US Statutes at Large]]
* {{USBill|114|hr|22}} on [[Congress.gov]]

{{Barack Obama}}
{{US highway acts}}
{{US highway acts}}


{{DEFAULTSORT:Fixing America's Surface Transportation Act}}
{{DEFAULTSORT:Fixing America's Surface Transportation Act}}

[[Category:United States federal transportation legislation|µ]]
[[Category:114th United States Congress]]
[[Category:United States federal transportation legislation]]
[[Category:Acts of the 114th United States Congress]]
[[Category:2015 in American law]]


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{{US-fed-statute-stub}}

Latest revision as of 23:50, 30 April 2024

"FAST Act" redirects here. For California's fast food labor law, see California FAST Recovery Act.

Fixing America's Surface Transportation Act
Great Seal of the United States
Long titleAn act to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes
Acronyms (colloquial)FAST Act
Enacted bythe 114th United States Congress
EffectiveDecember 4, 2015
Citations
Public lawPub. L.Tooltip Public Law (United States) 114–94 (text) (PDF)
Statutes at Large129 Stat. 1312
Codification
Acts amendedSecurities Act of 1933
Titles amended23 U.S.C.: Highways
Legislative history
  • Introduced in the House as "Hire More Heroes Act of 2015" (22) by Rodney Davis (R–IL) on January 6, 2015
  • Passed the House on January 6, 2015 (unanimous consent, 412-0)
  • Passed the Senate on July 30, 2015 (65-34)
  • Reported by the joint conference committee on December 3, 2015; agreed to by the House on December 3, 2015 (359-65) and by the Senate on December 3, 2015 (83-16)
  • Signed into law by President Barack Obama on December 4, 2015

The Fixing America's Surface Transportation Act or the FAST Act is a funding and authorization bill to govern United States federal surface transportation spending. It was passed by Congress on December 3, 2015, and President Barack Obama signed it on the following day.[1][2] The vote was 359–65 in the House of Representatives and 83–16 in the United States Senate.[1][3]

History[edit]

The bill was introduced to the House by Rodney Davis (R‑IL) as the "Hire More Heroes Act of 2015" on January 6, 2015. The $305 billion, five-year bill is funded without increasing transportation user fees.[4] (The federal gas tax was last raised in 1993.[5]) Instead, funds were generated through changes to passport rules, Federal Reserve Bank dividends, and privatized tax collection.[1]

In Section 6021, Congress asked the Transportation Research Board (TRB) to conduct a study of the actions needed to upgrade and restore the Interstate Highway System to fulfill its role as a crucial national asset, serving the needs of people, cities and towns, businesses, and the military while remaining the safest highway network in the country. The subsequent 2019 report, "Renewing the National Commitment to the Interstate Highway System: A Foundation for the Future," recommended actions Congress could take.[6]

Transportation provisions[edit]

The Act requires a reanalysis of the costs and benefits of electronically controlled pneumatic brakes.[citation needed]

Unrelated provisions[edit]

References[edit]

  1. ^ a b c Laing, Keith; Carney, Jordain (December 3, 2015). "Senate sends $305B highway bill to Obama". The Hill. Retrieved December 4, 2015.
  2. ^ a b Laing, Keith (December 4, 2015). "Obama signs $305B highway bill". The Hill. Retrieved December 4, 2015.
  3. ^ Frittelli, John (December 14, 2018). Federal Freight Policy: In Brief (PDF). Washington, DC: Congressional Research Service. Retrieved December 22, 2018.
  4. ^ "5-Year, $300 Billion "FAST Act" Will Extend Transpo Policy Status Quo to 2020". Streetsblog USA. December 2, 2015. Retrieved August 25, 2021.
  5. ^ "When did the Federal Government begin collecting the gas tax? - Ask the Rambler - Highway History". Federal Highway Administration. Retrieved August 25, 2021.
  6. ^ Renewing the National Commitment to the Interstate Highway System: A Foundation for the Future. Transportation Research Board. December 6, 2018. doi:10.17226/25334. ISBN 978-0-309-48755-9. {{cite book}}: Unknown parameter |agency= ignored (help)
  7. ^ "Highway bill has some farm help too". Farm Futures. December 4, 2015. Retrieved December 4, 2015.[permanent dead link]
  8. ^ Carter, Zach (December 1, 2015). "Congress Is About To Hand This Bank A Ridiculous Gift". The Huffington Post. Retrieved December 4, 2015.
  9. ^ "114th Congress Public Law 94". govinfo. U.S. Government Publishing Office. Retrieved August 25, 2021.
  10. ^ David Lynn; Anna Pinedo (December 7, 2015). "FAST Forward: A Summary of the Securities Law Provisions of the FAST Act (client alert)" (PDF). MOFO Jumpstarter. Morrison Foerster. Retrieved January 21, 2016.
  11. ^ SecondMarket. "Secondary Trading Markets" (PDF). Securities and Exchange Commission. Retrieved January 21, 2016.

External links[edit]

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