A bill to amend the Internal Revenue Code of 1986 to provide tax-exempt financing of highway projects and rail-truck transfer facilities.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to authorize the issuance of tax-exempt facility bonds for certain highway and surface freight transfer facilities. Limits the amount of bonds that may be issued to $15 billion. Exempts such bonds from certain volume caps applicable to State issuers of private activity bonds.…