Posts Tagged ‘Highway Trust Fund’

House Draft Transportation Bill Due Before Summer

January 11, 2020

A draft surface transportation bill is expected to be released by the U.S. House Transportation and Infrastructure before summer but not this month as reported earlier.

Committee Chair Peter DeFazio said the committee would “release more specifics in the not-too-distant future.” He did not elaborate on when that would be.

The current law that authorizes spending on highways, transit, and passenger rail programs expires on Sept. 30.

“This is like the beginning of the beginning of the year,” DeFazio said. “We’re talking about the middle of the beginning of the year. That’s earlier than June but later than January.”

In the meantime the Senate Finance Committee has been considering its own surface transportation legislation and has found finding new revenue to be a struggle.

A draft highway reauthorization bill the committee is considering calls for spending $287 billion on highways but stagnant revenue in the Highway Trust Fund means the committee is $113 billion short of paying for the proposed authorization.

Legislation in the Senate reauthorizing public transit and passenger rail is not expected to be drafted until later this year.

Infrastructure Funding Getting Fresh Look in Congress

February 14, 2019

Senate and House committees have begun to review legislation to provide additional transportation infrastructure.

Last week the House Transportation and Infrastructure Committee held its first hearing on infrastructure needs.

Among those testifying was Amtrak President Richard Anderson.

The Senate Commerce Committee convened a hearing this week with a similar focus.

Some believe that the need to extend the expiring Fixing America’s Surface Transportation Act will serve as an impetus to prod Congress into adopting an infrastructure program.

The law, which expires on Sept. 30, 2020, provides grants and loans for transportation programs.

Another sense of urgency is the condition of the Highway Trust Fund, which is flirting with insolvency.

Funded by the federal gas tax, that has been declining and Congress has diverted $144 billion from general funds since 2008 to keep the HTF going.

The Congressional Budget Office projects the HTF will exhaust its funds in 2021.

Congress has been split on how to infuse cash into the HTF. Some have favored an increase in the gas tax, which has not risen since 1993.

But others are calling for other measures, such as a tax on vehicle miles traveled.

The Trump administration last year suggested raising the gas tax by 25 cents, which might be an indication that the political pressure against raising it is abating.