House Ways and Means Panel OKs Highway Trust Fund Plan

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UPDATE, 11:15 a.m. EDT:ÌýBy voice vote, the House Ways and Means Committee has reported a trust fund bill to the floor that wouldÌýapprove about $10 billion as a short-term fix for Highway Trust Fund. More details to come from Transport Topics. The panel has now adjourned.

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EARLIER: The House Ways and Means Committee is holding a hearing Thursday to consider a short-term fix to the Highway Trust Fund crisis. The trust fund is estimated to run out of money by August.

The trust fund reimburses states for large-scale road projects. Without the federal dollars, states have indicated they would consider halting highway construction projects this summer, an action that would impact the trucking industry.



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