
The bill – H.R. 5021, the Highway and Transportation Funding Act of 2014 – will extend the authorization for federal highway and transit programs until May 31, 2014, and provide a nearly $11 billion general fund transfer to the Highway Trust Fund. This transfer is necessary to ensure that the trust fund can meet its funding obligations for the duration of the extension.
H.R. 5021 originally passed the House with an overwhelmingly bipartisan majority on June 15.
Even with the funding in place and the authorization extended through May of next year, AGC remains committed to addressing a long-term funding solution for the Highway Trust Fund this year. We encourage our members to continue working through Hardhats for Highways to pressure their Representative and Senators to act on fixing the Highway Trust Fund this year.
For more information, please contact Sean O’Neill at (202) 547-8892 or oneills@agc.org.