The House of Representatives today passed by a bipartisan vote of 312-119, a bill that would extend the highway trust fund authorization through December 18, 2015, from its current expiration date of July 31, 2015.
The bill—H.R. 3038 [PDF 133 KB]—contains provisions to raise approximately $8 billion in revenue to offset the cost of the additional five months of spending for surface transportation including:
The Joint Committee on Taxation today released a revenue estimate of the tax provisions in H.R. 3038. Read JCX-100-15
The White House today released a statement of administration policy—SAP (July 15, 2015) [PDF 177 KB] stating that the administration “supports the passage of H.R. 3038 to give the House and Senate the necessary time to complete work on a long-term bill this year that increases investment to meet the … infrastructure needs.”
The Senate has not yet released its version of a highway funding bill, but is expected to do so within the next week.
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