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Bipartisan Group of Lawmakers Introduce Long-Term Solution to Address Highway Trust Fund
Reps. Jim Renacci (R-OH), Bill Pascrell (D-NJ), Reid Ribble (R-WI), and Dan Lipinski (D-IL) led a bipartisan group of lawmakers in introducing legislation that provides a long-term solution to ensure the Highway Trust Fund, which will again run out of money sometime this summer, is sustainable.
The Bridge to Sustainable Infrastructure Act, (H.R. 1846), allows all transportation funding proposals to be considered, while simultaneously ensuring the trust fund remains solvent for no less than 10 years. In order to sustain the trust fund in the near-term, the legislation indexes the gas and diesel user fees to inflation - raising approximately $27.5 billion and providing funding for infrastructure needs for 1.7 years. To help reach a long-term funding solution, the legislation would create a bipartisan, bicameral Transportation Commission by September 1, 2015. This group would be charged with determining a path for sustainable funding, and would be advised to consider all options.
Renacci, Pascrell, Ribble, and Lipinski stated: “The users of our roads, workers, and state and local governments need the certainty that adequate and timely transportation program reauthorizations and funding provide. The Bridge to Sustainable Infrastructure Act allows for the consideration of all viable options so that Congress can get serious about finding a long-term, sustainable solution for the Highway Trust Fund.”
APTA President & CEO Michael Melaniphy said, “APTA urges Congress to enact a bill that increases dedicated revenues for the Highway Trust Fund, and the Bridge to Sustainable Infrastructure Act is an effective way to increase dedicated revenues for the Highway Trust Fund by immediately indexing federal motor fuel taxes and mandating increases that would support current program levels if Congress could not find an alternative source of dedicated revenues going into the Highway Trust Fund. APTA strongly supports efforts to increase the dedicated revenues that finance necessary investment in our transportation infrastructure and we commend Reps. Renacci, Pascrell, Ribble, and Lipinski for their leadership on this issue.”
These organizations support the legislation.
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