Senate Grills New DOT Secretary On Infrastructure Loans

Law360, New York (July 24, 2013, 2:41 PM EDT) -- In his first appearance at a U.S. Senate hearing as transportation secretary, Anthony Foxx was grilled Wednesday on the timeliness and size of federal loans for infrastructure projects under the adjusted Transportation Infrastructure Finance and Innovation Act program.

The hearing, designed to provide senators with an update on the so-called MAP-21 enhancements to the TIFIA program passed last July, gave Foxx an opportunity to discuss the results of the program over the past year. Under the MAP-21 program — which authorized funding more than $105 billion...
To view the full article, register now.