U.S. Chamber Applauds Filing of House-Senate Conference Report on Transportation Reauthorization
The U.S. Chamber congratulates House and Senate conference committee members for their commitment to negotiations and for their resolve in finding an equitable agreement to a long-term transportation reauthorization bill.
This legislation will save thousands of jobs in construction and related industries in the near term through the combination of the levels of investment and through reforms that will stretch federal dollars further in highway, transit, and safety projects. Long-term, these investments will strengthen the nation’s economy and spur economic growth.
This bill is monumental in terms of the reforms that the Senate and House negotiated during the conference process. It would consolidate overlapping and duplicative federal programs; streamline the project delivery process to shorten project times and save limited federal dollars; give states the flexibility to target federal funds where they are most needed; and leverage federal funds through an expanded TIFIA program that draws private investment into infrastructure.
The Chamber, which along with a broad group of stakeholders has been opposed to significant cuts in funding, applauds the conferees’ decision to avert significant cuts in highway, transit, and safety programs that would have resulted had legislation relied solely on expected Highway Trust Fund receipts. Since the funding levels are not as high as needed to address the nation’s transportation challenges, the Chamber will continue the fight for increased investment as we pursue a predictable, sustainable, and growing source of dedicated, user-fee based funding in the months ahead.
As the Chamber has said consistently over the past five years, transportation is an economic issue, not a political one. For the benefit of businesses across America, we ask that Congress finish the job and send this bill to President Obama for his signature.