SIGMA Weekly Report for Friday, July 18

Jul 18, 2014

House Passes Short-Term Highway Fix

On July 15, the House of Representatives passed an $11 billion short-term fix that would provide funding for the Highway Trust Fund through May 2015. The bill, which was passed by a vote of 367-55, is financed by higher customs fees, allowing companies to delay contributions to employee pension plans, and by transferring revenue from the Leaking Underground Storage Tank (LUST) Fund. It is anticipated that the bill will be passed by the Senate.