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...
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