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Highway Trust Fund

5 FAST Act Takeaways: What it Means for Transit

Although it is the first long-term surface transportation bill since SAFTEA-LU expired in 2009, which will give the industry a sense of security when planning, it still didn’t solve the most pressing issue — finding a sustainable funding mechanism.   

House OKs $325B surface transportation bill

Passed by a 363-64 vote, the bill calls for spending $261 billion on highways and $55 billion on transit over six years. As expected, the legislation authorizes highway funding for six years, but only if Congress can come up with a way to pay for the final three years.

House T&I approves surface transportation bill

However, according to U.S. PIRG, it is anticipated that the House will only provide funding for the first three years, requiring Congress to identify a new source of funding at the end of 2018.

Obama scolds Congress at highway bill signing

Obama, who has long pushed for a multi-year highway bill, said he had no choice but to sign the short-term measure to prevent an interruption of money for roads and bridges during the busy summer construction season.

Senate passes long-term transportation bill

The $350 billion long-term bill would make changes to highway, transit, railroad and auto safety programs, but will only pay for the first three years of the six-year bill.