House approves $325 billion highway bill
The Surface Transportation Reauthorization & Reform Act is a $325 billion, six-year plan for roads, bridges and other transportation infrastructure. It's currently only funded for three years, and while the Senate prepares to negotiate its preferences into a final version of the bill, the clock is still ticking on programs supported by the existing bill.
“The fact remains that authorization for surface transportation programs is again set to expire in 15 days,” Associated Equipment Distributors (AED) President and CEO Brian McGuire said. “We urge House and Senate conferees to quickly hammer out the final details of a plan to restore stability to the highway program and institute much-needed reforms. AED and its members are standing by to help move final legislation across the goal line and to the president’s desk.”
If the bill is passed by Congress and signed into law, it would mark the first time since 2005 that the federal government passed a highway bill covering more than two years.
The reauthorization of the federal Export-Import Bank also rests with the fate of the act, as it is one of over 100 amendments attached to the bill during House debate.