Lawmakers Slowly Moving to Prop Up Highway Trust Fund
July 09, 2014
The U.S. House could vote as soon as early next week on legislation to prop up the Highway Trust Fund, before it runs out of money.
The House Ways and Means Committee on Thursday is scheduled to mark up legislation from Rep. Dave Camp, R-Mich., that would provide funding for federal road and bridge projects through next May with $10.5 billion. The fund is expected be depleted by next month.
On the Senate side, Finance Committee Chairman Ron Wyden, D-Ore, is expected to soon unveil more details on his plan to prop up the fund. He has yet to comment on Camp’s proposal.
In the meantime, two powerful Senate Democrats, Barbara Boxer, D-Calif., and Tom Carper, D-Del., are speaking out against the House plan, insisting there needs to be a long-term fix rather than just a temporary patch.
"We’ve already been contemplating this problem for more than five years," Carper said in a statement. "Giving Congress another year will not reveal any new solutions, it’s only stalling and dodging the hard decisions that voters sent us to Congress to make."
The U.S. Transportation Department has warned it will begin cutting back on federal payments to states and local governments if a plan for the Highway Trust Fund isn’t agreed to soon.
Read more about it from The Hill.