The SPEED Act streamlines environmental review processes for smaller transportation infrastructure projects by raising the dollar thresholds that qualify for expedited approval. Specifically, the bill doubles the federal funding limits for projects that can bypass full environmental reviews—increasing the threshold from $6 million to $12 million for most projects and from $35 million to $70 million for certain project categories. This change applies to how the federal government processes highway and transportation projects under existing law (MAP-21). The bill primarily affects state and local transportation agencies, contractors, and project developers who can now complete smaller infrastructure projects faster with less regulatory burden. No new funding is created by this bill; it simply modifies which existing projects qualify for expedited review processes.
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