Senators urge adoption of extension of transport funding

Following the introduction of the Highway and Transportation Funding Act of 2015, Part II (H.R. 3038), legislation to fund and extend the authorisation for America’s highway and transit programs through the end of the year, Senators Bill Schuster and Paul Ryan stated: “This country needs a long-term plan to fix our roads, bridges, and other infrastructure, and this bill gives us our best shot at completing one this year. By providing resources through the end of the year, we can ensure construction cont
July 15, 2015 Read time: 2 mins
Following the introduction of the Highway and Transportation Funding Act of 2015, Part II (H.R. 3038), legislation to fund and extend the authorisation for America’s highway and transit programs through the end of the year, Senators Bill Schuster and Paul Ryan stated:

“This country needs a long-term plan to fix our roads, bridges, and other infrastructure, and this bill gives us our best shot at completing one this year.  By providing resources through the end of the year, we can ensure construction continues while we work toward a package that could close the trust fund’s shortfall for as many as six years.  We urge all members who want some long-sought stability in our highway and transit programs to support this critical extension.”

The Highway and Transportation Funding Act of 2015, Part II would provide the Highway Trust Fund with US$8 billion in new revenues. US$5 billion from tax compliance measures and $3 billion from extending an airline security fee for two additional years. 

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