*The House of Representatives is expected to act on a series of bills this week that would keep federal highway and transit funds flowing through FY 2010 and provide major new surface transportation investments to boost job creation and economic recovery. The actions will be split up among a series of legislative packages, some of which will clear both chambers this year and some that would not likely see action in the Senate until 2010. House Speaker Nancy Pelosi (D-Calif.), other members of the House Democratic leadership, and Transportation & Infrastructure (T&I) Committee Chairman James Oberstar (D-Minn.) unveiled today a $75 billion “Jobs for Main Street” proposal that among other things would provide $48 billion in new federal infrastructure investments. The package is paid for by redirecting funds provided last year to stabilize the financial sector. According to the T&I Committee, the package contains $27.5 billion for highways, $8.4 billion for transit, $800 million for Amtrak, $500 million for airports, $100 million for ship construction and $11 billion in other infrastructure investments (including Corps of Engineers activities). These funds are in addition to the federal investments already set for the core federal transportation programs in FY 2010.
*The transportation investment levels are virtually identical to the amounts provided earlier this year in the American Recovery and Reinvestment Act and the structure of these additional resources in terms of timelines, allocations, and accountability are expected to follow closely with recovery funds. The details of the package have not yet been made available, but we will provide specifics shortly. The measure is also expected to extend the authorization of the core federal highway and transit programs through FY 2010. Speaker Pelosi said the House will act on the bill December 16 and the Senate will consider the measure after the first of the year. She said she hopes a final bill will be presented to President Obama before he delivers his State of the Union address. Chairman Oberstar added, “The House acting on this now assures that state’s programs will be fully funded, Highway Trust Fund revenues will be invested, the sustainability of job creation will go forward, and we will be gaining jobs rather than losing jobs because of what the House will do in this recovery program.”
*With the current short-term extension of the surface transportation programs set to expire December 18 and the Senate not expected to consider the House jobs package until 2010, the House is also planning to pass two bills that will have the combined effect of extending the authority to spend highway and transit funds through February 23. The Senate is expected to act on these measures this year. As such, the programs would have their third short-term extension.
*If the House proposal to extend the authorization for the remainder of 2010 as part of the jobs legislation survives, further interim measures (at least through 2010) would not be necessary. The combination of these actions would be another major infusion of new federal resources in transportation infrastructure improvements and stabilize the operation of the highway and transit programs through October 2010. At the same time, Congress would be allowed to redirect its attention back to a multi-year reauthorization bill early next year.
* Information is provided from The American Road and Transportation Builders Association (ARTBA), an alliance of EUCA.