Sens. Jeff Bingaman, D-N.M., and Chuck Grassley, R-Iowa, have introduced two bills that pro-tolling market participants worry would put a halt to public-private partnerships for highways.

On the private-sector side, the bills would eliminate many of the benefits that private investors currently receive when they enter into lease agreements and toll highways, and would make such projects ineligible for private-activity bond financing. On the state and local side, the legislation would reduce federal highway funding that states with tolled highways could receive.

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