The House T&I Committee also is in favor of a “user-financed” approach instead of the current system that relies on gas-tax revenue to support the Highway Trust Fund. A gas-tax increase to help fuel the next long-term bill also is being rejected, as are future transfers from the general fund to support the transportation program.
Amtrak also takes a hit in the outline, as the committee rejects capital improvements and operating funds for the rail program.
The House T&I Committee does support expansion of the Transportation Infrastructure Finance and Innovation Act loan program and an infrastructure bank proposal from Sens. John Kerry (D-Mass.), Kay Bailey Hutchison (R-Texas) and Mark Warner (D-Va.) that requires less federal investment than the President’s National Infrastructure Bank.
The House hopes to have a bill completed by early summer, and Congress is still aiming to have a bill on the President’s desk by the end of August.