Congress Passes $120B Highway Funding Bill

Law360, New York (June 29, 2012, 4:51 PM ET) -- Congress on Friday passed $120 billion legislation to extend federal surface transportation programs until 2014, leaving out a controversial measure to fast-track approval of the Keystone XL pipeline, but including a rider that will direct most fines from the Macondo oil spill to Gulf Coast states.

Votes in the House and the Senate followed nearly two months of negotiations among Republican and Democratic leaders, who were tasked with coming up with a compromise on competing versions of the bill by June 30, when funding for the...
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