Today the House voted to pass H.R. 5021, Highway and Transportation Funding Act of 2014. NAM sent a Key Vote letter in support of the legislation that will replenish the Highway Trust Fund and avoid the August low balance scenario that is threatening approximately 100,000 road, bridge and transit construction sites and 700,000 jobs across the country.
The legislation also authorizes an extension of critical federal highway and transit programs for eight months after the current authorization expires on September 30.
NAM worked with over 60 manufacturing associations around the nation to help echo the message to Congress that fixing the Highway Trust Fund cannot be left to chance and Congress must accomplish this before August recess. Manufacturers are leading the debate and urged Congress to make it this month’s priority to restore the Highway Trust Fund to a condition of solvency.
The White House hosted a timely meeting last week on infrastructure that included Vice President Biden and a diverse range of corporate leaders from manufacturing, construction, trucking and other industries.
NAM Board Chair and Caterpillar Chairman and CEO Doug Oberhelman and NAM member and BNSF Executive Chairman Matt Rose helped lead a conversation on globally competitive infrastructure with Transportation Secretary Anthony Foxx and White House National Economic Council Director Jeffrey Zients. Click here for Oberhelman’s op-ed, “Congress Must Move on Highway Trust Fund,” in The Hill.
NAM Member Chris Toomey, Senior Vice President of Procurement for global manufacturer BASF was among several other NAM members who traveled to Washington for this special session. Toomey encouraged participants to look at advocacy for better infrastructure as supportive of economic growth, citing growing manufacturing investments in the Gulf Coast that will require competitive infrastructure.
The Senate is expected to consider H.R. 5021 next week.
There is still much work to be done. Passing a fully funded, multi-year surface transportation is the next order of business for improving infrastructure. Manufacturers are making the case that investing in infrastructure supports competitiveness, growth and jobs.