INVEST Act Moving Toward Floor Vote
On June 28, the House Rules Committee officially began the process of moving the INVEST in America Act onto the floor for a final vote. A $574 billion transportation authorization package spanning five years, the bill expects to be voted on as early as this week. The legislation includes $343 billion for roads, bridges, and safety; $109 billion for transit; and $95 billion for passenger and freight rail. See further highlights and resources below:
- $18.25 billion over five years for the Capital Investment Grants Program
- $1 billion in new or increased service in unserved or underserved areas
- $25 billion to establish new Passenger Rail Improvement, Modernization & Expansion (PRIME) grants
Invest in America Act: Fact Sheet from The House Committee on Transportation and Infrastructure
Invest in America Act: Section-by-Section from The House Committee on Transportation and Infrastructure
Once passed in the House, the bill must be approved by the Senate before making it to the President’s desk.
GFOA’s Federal Liaison Center will continue to monitor this Congressional activity.