Policy Committees Driving Activity -
While the current surface transportation authorization, Moving Ahead for Progress in the 21st Century (MAP-21), is due to expire on September 30th, the Department of Transportation (DOT) recently unveiled new calculations projecting the Highway Trust Fund will become completely insolvent by August 29th. Even more pressing, the Highway Trust Fund is expected to dip below the critically low level of $4 billion as soon as July – potentially slowing transportation payments at the peak of construction season.
Under this ramped up pressure, the Senate and House authorizing committees are now operating on an aggressive timeline to introduce, mark up, and pass a new surface transportation authorization bill.
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Topics: Cost-Shifting, DOT, Gas Taxes, Infrastructure, Motor Vehicles, Surface Transportation, Tax Reform, Trucking Industry, Trust Funds
Published In: Elections & Politics Updates, Energy & Utilities Updates, Tax Updates, Transportation Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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