Skip to main content

US Highway Trust Fund faces funding shortfall

In the US, the Transportation and Infrastructure Committee chairman Bill Shuster (R-PA) released a key statement on HR 5021, the Highway and Transportation Funding Act of 2014. The bill was introduced in the House by Ways and Means chairman Dave Camp (R-MI), and cosponsored by Shuster. He said, “We have an immediate, critical need to address the solvency of the Highway Trust Fund and extend the current surface transportation law. This bill does that in a responsible way with policies that have all previous
July 11, 2014 Read time: 2 mins
In the US, the Transportation and Infrastructure Committee chairman Bill Shuster (R-PA) released a key statement on HR 5021, the Highway and Transportation Funding Act of 2014. The bill was introduced in the House by Ways and Means chairman Dave Camp (R-MI), and cosponsored by Shuster. He said, “We have an immediate, critical need to address the solvency of the Highway Trust Fund and extend the current surface transportation law.  This bill does that in a responsible way with policies that have all previously received strong bipartisan and bicameral support.  If Congress fails to act, thousands of transportation projects and hundreds of thousands of jobs across the country will be at risk.”

He continued, “By funding surface transportation programs through May 2015, this legislation provides certainty and stability for states, while also providing Congress time to continue working on a long-term funding solution and a surface transportation reauthorisation bill.  A shorter extension would guarantee a manufactured crisis in December when some might be inclined to play politics with these issues or use them as vehicles for unrelated policies that should be subject to the full and open debate they deserve.

Shuster concluded, “This bill in no way precludes Congress from continuing to work on addressing a long-term funding solution, and a long-term reauthorisation bill remains a top priority for the Transportation Committee.  However, this legislation is the responsible solution at this time, ensures that we don’t play politics with these programs, and provides for making continued improvements to our surface transportation system.”

Related Content

  • The future of autonomy
    January 13, 2023
    The panel of experts from Trimble and Dynapac discussed where the construction industry is on the path to autonomy at present, where it is heading, and Trimble’s overall corporate vision for the future. Trimble’s philosophy is that machine autonomy is about more than just controlling the machine. To move the industry forward, autonomy solutions must also turn real-time data into real-time information to optimise and coordinate the jobsite of the future according to Trimble. Providing full access to that data presents a challenge, but can be achieved.
  • Boosting the transition to a greener economy for the future
    December 8, 2020
    IRF director general, Susanna Zammataro spoke with Florent Menegaux, CEO of Michelin at the first IRF Executives Talks
  • Futureproofing UK construction equipment resilience
    May 5, 2021
    Rob Oliver is the longstanding CEO of the Construction Equipment Association (CEA), the UK trade association for the UK construction equipment industry. Guy Woodford recently caught up with him to discuss the industry’s health and the key issues facing the CEA and its members in 2021 and beyond.
  • Roads for the future
    July 31, 2012
    Speakers at the 3rd European Road Congress looked at ways of preparing infrastructure to cater for future demands. Patrick Smith reports Road accidents in Europe can be reduced substantially, but vehicles will have to make more use of technology, and they will cost more. The problems will not be made any easier with the knowledge that road transport is set to double between 2040 and 2050. These were just some of the forecasts made at the 3rd European Road Congress, held in Brussels, Belgium, a key road sect