A six-year federal highway and transit bill passed the House of Representatives by a landslide of 363-64 on Nov. 5, meaning close to $340 billion will be put toward the repair and reconstruction of infrastructure across the nation.
The next step is a conference committee negotiation with the Senate, which has already green-lighted its own long-term funding strategy.
Once the House and Senate merge the two bills, large-scale transportation projects that were put on hold to wait for funding will be able to begin. The transportation legislation also contains a renewal for the Export-Import Bank, which expired in June.
Putting this into the bill gave it a better chance at passing, as Senate Majority Leader Mitch McConnell (R-KY) has said he would not permit a stand-alone vote on the bank's reauthorization.
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