U.S. House of Representatives Approves $325 Billion Transportation Plan

As reported by “The Hill,” the U.S. House of Representatives has approved a $325 billion transportation measure that will spend $261 billion on highways and $55 billion on transit over six-years, if Congress can come up with a way to fund the last three years of the plan.

The measure must now be conferenced with a separate Senate measure on highways.

The Senate bill also authorizes six years of funding, but only pays for three years. However, the Senate bill includes no trigger requiring that Congress find a way to pay for the final three years.

Congress faces a Nov. 20 deadline to complete work on a conference report and prevent a gap in highway funding.

Federal funding is covered by the gas tax, but it does not provide enough money to meet the needs for various federal transportation projects around the country.

Both the House and Senate bills provide other funding sources to buttress the gas tax for three years.

For more information, read the full article here.

Close Menu
%d bloggers like this: