WASHINGTON - The transportation bill scheduled for its first vote in a House subcommittee this week would drastically alter the ability of state and local governments to toll and enter into public-private partnerships by creating a federal office that would oversee and approve such actions for highways financed with federal aid.

Reaction from the market this week has been mixed. Some sources said the bill adds another level of bureaucracy to the system, and would discourage P3 transactions, while others say that reasonable checks on tolling agreements would be a net positive for the sector in the long run.

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