the extent interest and other financing costs are 
expended in carrying out the activity for the eli-
gible project, except that interest and other fi-
nancing costs may not be more than the cost of 
the most favorable financing terms reasonably 
available for the eligible project at the time of 
borrowing. 
‘‘(B) CERTIFICATION.—The applicant shall 
certify to the Secretary that the applicant has 
shown reasonable diligence in seeking the most 
favorable financing terms under subparagraph 
(A). 
‘‘(3) NO OBLIGATION OR INFLUENCE ON REC-
OMMENDATIONS.—An approval by the Secretary 
under paragraph (1)(A) shall not— 
‘‘(A) constitute an obligation of the Fed-
eral Government; or 
‘‘(B) alter or influence any evaluation 
under subsection (f)(3)(A)(i) or (g)(4) or any 
recommendation by the Secretary for funding 
under the program. 
‘‘(l) CONGRESSIONAL
NOTIFICATION.—Not later 
than 30 days before making a grant for an eligible project 
under the program, the Secretary shall submit to the Com-
mittee on Transportation and Infrastructure of the House 
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of Representatives and the Committee on Environment 
and Public Works of the Senate a written notification of 
the proposed grant that includes— 
‘‘(1) an evaluation and justification for the eli-
gible project; and 
‘‘(2) the amount of the proposed grant. 
‘‘(m) REPORTS.— 
‘‘(1) ANNUAL REPORT.—Not later than August 
1 of each fiscal year, the Secretary shall make avail-
able on the website of the Department of Transpor-
tation an annual report that lists each eligible 
project for which a grant has been provided under 
the program during the fiscal year. 
‘‘(2) GAO ASSESSMENT
AND
REPORT.—Not 
later than 3 years after the date of enactment of the 
Bridge Investment Act of 2020, the Comptroller 
General of the United States shall— 
‘‘(A) conduct an assessment of the admin-
istrative establishment, solicitation, selection, 
and justification process with respect to the 
funding of grants under the program; and 
‘‘(B) submit to the Committee on Trans-
portation and Infrastructure of the House of 
Representatives and the Committee on Environ-
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ment and Public Works of the Senate a report 
that describes— 
‘‘(i) the adequacy and fairness of the 
process under which each eligible project 
that received a grant under the program 
was selected; and 
‘‘(ii) the justification and criteria used 
for the selection of each eligible project. 
‘‘(n) LIMITATION.— 
‘‘(1) LARGE PROJECTS.—Of the amounts made 
available out of the Highway Trust Fund (other 
than the Mass Transit Account) to carry out this 
section for each of fiscal years 2021 through 2025, 
not less than 50 percent, in aggregate, shall be used 
for large projects. 
‘‘(2) UNUTILIZED AMOUNTS.—If, in fiscal year 
2025, the Secretary determines that grants under 
the program will not allow for the requirement under 
paragraph (1) to be met, the Secretary shall use the 
unutilized amounts to make other grants under the 
program during that fiscal year. 
‘‘(o) TRIBAL TRANSPORTATION FACILITY BRIDGE 
SET ASIDE.— 
‘‘(1) IN
GENERAL.—Of the amounts made 
available from the Highway Trust Fund (other than 
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the Mass Transit Account) for a fiscal year to carry 
out this section, the Secretary shall use, to carry out 
section 202(d)— 
‘‘(A) $16,000,000 for fiscal year 2021; 
‘‘(B) $18,000,000 for fiscal year 2022; 
‘‘(C) $20,000,000 for fiscal year 2023; 
‘‘(D) $22,000,000 for fiscal year 2024; 
and 
‘‘(E) $24,000,000 for fiscal year 2025. 
‘‘(2) TREATMENT.—For purposes of section 
201, funds made available for section 202(d) under 
paragraph (1) shall be considered to be part of the 
tribal transportation program. 
‘‘(p) AUTHORIZATION
OF
APPROPRIATIONS.—For 
each of fiscal years 2021 through 2025, there is author-
ized to be appropriated to carry out this section— 
‘‘(1) $2,000,000,000 from the general fund of 
the Treasury; and 
‘‘(2) $2,000,000,000 from the Highway Trust 
Fund (other than the Mass Transit Account).’’. 
(b) CLERICAL AMENDMENT.—The analysis for chap-
ter 1 of title 23, United States Code, is amended by insert-
ing after the item relating to section 123 the following: 
‘‘124. Bridge investment program’’. 
Æ 
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