House of Representatives Pass Transportation Bill
On July 20, the US House of Representatives passes a transportation bill that would support initiatives, infrastructure grants, and operational expenses through the United States Department of Transportation.
The bill would allocate $90.9 billion, $9.9 billion more than the enacted level, for the upcoming fiscal year.
“The bill upholds the commitment to respond to transportation needs across all modes, including highways, transit, rail, aviation, bike, and pedestrian projects, and ports,” said Rep. David Price (D-N.C.). He is the chairman of the House transportation funding subcommittee.
“The bill also provides robust funding for our transit infrastructure, including $3 billion for capital investment grants to create new transit routes nationwide and $646 million for transit infrastructure grants to help transit agencies innovate and improve public transit,” Price added.
In addition to the $3 billion for capital investment grants and the $646 million for transit infrastructure grants, the bill would give $367.5 million to FMCSA for safety operations and programs.
- $61.3 billion for Federal Highway Administration
- $18.7 billion for Federal Aviation Administration
- $17.5 billion for Federal Transit Administration
- $3.8 billion for Federal Railroad Administration
- $1.2 billion for the National Highway Traffic Safety Administration
The bill also made additions to trucking-related policy. Lawmakers approved a provision to deny funding for enforcing an electronic logging device rule. This rule would have impacted those who are transporting livestock and insects.
House lawmakers also asked FMCSA to complete an annual hour-of-service safety data analysis. They also requested updates on the implementation of a workforce apprenticeship program for truck drivers under 21 years old.
FMCSA was also asked to provide updates on a large truck study as well as details about its information technology operations.
Who opposed the bill?
Most House Republicans opposed the bill during its floor consideration. “At a time when Americans are struggling to pay for gas and groceries, the federal government should be reducing spending,” argued Rep. Kay Granger (R-Texas), a member of the appropriations panel. “We should prioritize core responsibilities, such as our national security, and we must cut extravagant social programs.”
This $90.9 billion bill could make way for a lot of good changes in the transportation industry. Only time will tell how these changes will affect us in the long run.
For more updates on transportation, subscribe to TopMark Funding.
ABOUT TOPMARK FUNDING
TopMark Funding is a top-rated semi-truck financing and trailer financing company located in Roseville, CA. We specialize in commercial trucking and heavy equipment. Our mission is to become your long-term financial partner by helping you grow your trucking business and fleet.
We’re not here for the short-term, we’re on the long-haul with you!
We have financing options for trailers, semi-trucks, commercial trucks, and small businesses. We have great rates, low down payments, and flexible monthly payments regardless of credit history.
Learn more about Trailer Financing.
Fill out the contact form or give us a call at (866) 627-6644. One of our truck financing specialists will contact you as soon as possible to go over your truck lease needs and learn more about you and your business financing goals.