SPEED Act

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.