The U.S. Transportation Department on Friday issued a proposed rule that would require trucks and buses to be equipped with devices that would limit their speed, a move it said could save both lives and fuel.

“There are significant safety benefits to this proposed rulemaking,” Transportation Secretary Anthony Foxx said in a statement. “In addition to saving lives, the projected fuel and emissions savings make this proposal a win for safety, energy conservation, and our environment.”

Under the long-delayed proposal, all new U.S. trucks and buses weighing more than 26,000 pounds would need to be equipped with a speed-limiting device.

The department said the maximum allowable speed would be decided after the agency receives public input. Publication of the proposal kicks off a 60-day comment period.

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