Senate Finance Approves Short Term Fix for Highway Trust Fund
The Senate Finance Committee on July 10 approved a measure (here) to provide funds for federal highway projects through spring 2015, the committee said. The bill is seen as the counterpart to a measure passed by the House Ways and…
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Means Committee earlier on July 10. The House legislation, introduced by Committee Chairman Dave Camp, R-Mich., provides mechanisms to make the Highway Trust Fund solvent through May 31, 2015 (see 14071026). “The Finance Committee took an important first step today to prevent a transportation shutdown,” Chairman Ron Wyden, D-Ore., said in a statement. “But we all know what’s needed next is a long-term bill that rebuilds our broken infrastructure, which reportedly needs $3.6 trillion dollars in repairs.” The Finance Committee is eying the MAP-21 Reauthorization Act (here) as a long term legislative fix to the Highway Trust Fund, said the committee.