A bill to permit States to raise the maximum speed limit to 65 miles per hour on rural interstate routes where the Secretary of Transportation determines that highway safety will not be significantly adversely affected.

Directs the Secretary of Transportation (upon request of a State Governor) to permit maximum State speed limits of 65 miles per hour on rural segments of the Interstate System if the Secretary determines that such an increase is not likely to have a significant adverse effect on highway safety.

Requires the Secretary to give interested parties notice and opportunity for comment before making such determination.

Prescribes certain factors which must be considered by a State Governor and the Secretary before such a determination is made. Requires the Governor of a State in which a higher speed limit has been permitted to report to the Secretary every five years regarding such factors.

Directs the Secretary to withdraw the higher speed limit permission if it is determined that the standards upon which such permission was based are no longer being met. Provides that such withdrawal may only be made: (1) after the Secretary has afforded interested parties notice and opportunity for comment; and (2) after a State has had reasonable time to comply with the standards for increased speed limits.