To direct the Secretary of Transportation to establish and collect a fee based on the fair market value of articles imported into the United States and articles exported from the United States in commerce and to use amounts collected from the fee to make grants to carry out certain transportation projects in the transportation trade corridors for which the fee is collected, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Our Nation's Trade, Infrastructure, Mobility, and Efficiency Act'' or the ``ON TIME Act''.
SEC. 2. FINDINGS AND PURPOSES.
(a) Findings.--Congress finds the following: (1) The growth in international trade, particularly containerized trade, is placing pressure on the Nation's transportation network and influences traffic congestion in the areas surrounding the major United States international gateways. (2) United States freight gateways handled more than $3.4 trillion of international merchandise trade in 2008, an increase of 9 percent from 2007. (3) From 1990 to 2008, the value of United States international merchandise trade grew from $889 billion to $3.4 trillion, increasing at an average annual rate of 8 percent per year. (4) Since 1990, the value of United States land trade with Canada and Mexico has grown at an average annual rate of 8.1 percent per year. (5) Existing trade agreements, in addition to potential future agreements, foreshadow an even greater increase in international trade and...