Inflation Reduction Act
The Inflation Reduction Act (Public Law No:117-169), signed into law on August 16, 2022, provides over $5 billion from the General Fund in Fiscal Year 2022, with those funds available through September 30, 2026. The funds will be used for three new FHWA programs: the Neighborhood Access and Equity Grant Program, the Low-Carbon Transportation Materials Grants, and Environmental Review Implementation Funds.