Wyden Announces Markup of Highway Trust Fund Fix

WASHINGTON – Senate Finance Committee Chairman Ron Wyden, D-Ore., will convene an open executive session on Thursday, June 26, to vote on legislation that would sustain the Highway Trust Fund through the calendar year. The markup of the bill, entitled the Preserving America’s Transit and Highways (PATH) Act will take place at 10:00 a.m. on Thursday, June 26 in Room 215 in the Dirksen Senate Office Building.

“Strong transportation and infrastructure are critical to a growing and healthy American economy. I hope to see the committee take decisive bipartisan action and send a clear message that stabilizing the Highway Trust Fund is a priority now,” Wyden said. “Moving the PATH Act forward is an imperative first step as the committee works together on a sustainable, long-term solution. Failure to act now could lead to a transportation shutdown, leaving our roads in disrepair and putting thousands of hard-working Americans out of their jobs.”

The Highway Trust Fund provides reimbursement to states for road and bridge construction, transit infrastructure and operations, and safety programs. The fund faces insolvency this fiscal year due to a revenue shortfall that is causing grave uncertainty as state governments plan infrastructure projects.

The description of the Chairman’s Mark can be found here. A summary of provisions can be found here. A JCT estimate of revenue effects can be found here.

Media are encouraged to attend the open executive session or to view the webcast and witness testimony at http://finance.senate.gov/hearings.

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