SPEED Act

Last progress June 20, 2025 (6 months ago)

Introduced on June 20, 2025 by Harriet Hageman

This bill changes the dollar limits used to decide if certain projects with only a small amount of federal help can be fast-tracked under a “categorical exclusion.” One money limit would go down from $6 million to $2 million, while another would go up from $35 million to $70 million.

Key points:

• Who is affected: Projects that receive limited federal assistance and may qualify for a categorical exclusion.
• What changes: One threshold is lowered to $2 million; another is raised to $70 million (from $6 million and $35 million, respectively).
• Why it matters: These changes could make it easier or harder for certain projects to use a quicker review path, depending on their funding size.