Senate Panel Finds $10.5B For Transportation Bill

Law360, New York (February 8, 2012, 3:39 PM EST) -- The Senate Finance Committee voted Tuesday to advance a bill that would provide up to $10.5 billion for the nearly insolvent federal Highway Trust Fund and help close a funding gap in a larger $109 billion transportation bill.

The panel voted 17-6 to send the Highway Investment, Job Creation and Economic Growth Act of 2012 to the Senate floor. If passed, the bill will help close a $13 billion shortfall in a larger Senate transportation bill by levying a host of new taxes and extending existing...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.