U.S. House Democrats Release Infrastructure Legislation
On June 2, Democratic leaders in the U.S. House of Representatives introduced a nearly $500 billion infrastructure bill that includes funding for repairing roads and bridges, investing in public transportation and rail travel, and setting up more electric vehicle charging stations. As The Hill explains, the legislation also calls for new greenhouse gas standards for states and would send more funds to states that make the most emission reduction progress.
Specifically, the bill would provide:
- $319 billion for the Federal-aid highway program under the Federal Highway Administration;
- $105 billion for transit programs under the Federal Transit Administration;
- $5.3 billion for highway safety programs under the National Highway Traffic Safety Administration,
- $4.6 billion for motor carrier safety programs under the Federal Motor Carrier Safety Administration; and
- $60 billion for rail programs.
The legislation does not include any method of paying for the programs, which will be key to passing any major infrastructure package. There is a chance that the U.S. House Ways and Means Committee might be tasked with coming up with ways to for this legislation.
The Metals Service Center Institute and its partners on the LIFO Coalition will monitor the situation for signs lawmakers will turn to LIFO repeal to pay for the new spending.