House and Senate Approve Short-Term Extension of Highway Trust Fund Through October 29; Senate Passes Six-Year Transportation Reauthorization

Posted on: July 31st, 2015 by NADO Admin

This week, the House and Senate both approved legislation (H.R. 3236) to extend funding for the Highway Trust Fund through October 29.  The current funding extension under MAP-21 was set to expire on July 31.  The legislation is a temporary patch that transfers $8 billion from the general fund into the Highway Trust Fund offset with a patchwork of tax compliance and revenue measures.  The extension is designed to keep the trust fund solvent for the next several months in hopes that in the interim, Congress will be able to pull together a comprehensive tax overhaul package that would provide revenue for a multi-year surface transportation reauthorization bill.  The President has indicated that he will sign the Highway Trust Fund extension into law.

This week, the Senate also passed the DRIVE Act (S.A. 2266 to H.R. 22) by a vote of 65 to 35, which is the upper chamber’s version of a long-term surface transportation reauthorization bill that Senate leaders hope to conference with the House over the next three months.  Click here (https://www NULL.congress NULL.gov/crec/2015/07/24/CREC-2015-07-24-pt1-PgS5566 NULL.pdf) to view the full text of the DRIVE Act.  Click here to view a summary.

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