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

  • Ukraine’s shattered highways
    July 26, 2024
    With no end to its war with Russia in sight, Ukraine is also fighting hard to cope with a growing backlog of major infrastructure projects, especially in terms of rebuilding the country’s roads and bridges. David Arminas reports.
  • US transportation plan being developed?
    February 24, 2015
    In the US, the Obama administration is beginning work on a 30-year transportation plan to meet US infrastructure needs. Transportation Secretary Anthony Foxx, commented in an interview with the Washington Post. “Transportation is a system of systems,” Foxx said, rather than the aggregate of separate systems that can be addressed individually. “The idea that we’re looking at the system comprehensively is the thrust of this report.” He said the report, which will be followed by a formal comment period, is int
  • Organisations' 'fairer charging' call
    March 2, 2012
    Three major road organisations have issued a policy statement on fair charging for greener, smarter and safer road infrastructure.
  • CECE Congress focuses on future of construction
    May 8, 2012
    The bi-annual CECE Congress was held in Spain when participants looked forward in a bid to see what will happen in the next ten years. Growth markets such as China, India and Brazil offer big opportunities to European construction equipment manufacturers. As companies, particularly those from China, start to expand outside their own countries the competition for business will increase, and it has been claimed that there is no such thing as 'the global market', rather it is the sum of hundreds, if not thousa