House Passes INVEST Act

The U.S. House of Representatives approved last week a five year $715 billion surface transportation bill.

Known as Investing in a New Vision for the Environment and Surface Transportation in America Act,, the legislation would authorize  $95 billion for passenger and freight rail, including $32 billion for Amtrak that could be used to pay for existing and new service.

The Association of American Railroads panned the bill, calling it filled with “misguided, divisive policies.”

AAR instead issued a statement lauding a bi-partisan proposal being considered in the Senate.

The American Short Line and Regional Railroad Association in a statement said the House bill contains some beneficial provisions for short lines but also contained some “troubling provisions.”

The American Public Transportation Association was more enthusiastic about the INVEST legislation, noting that it authorizes $109 billion for public transportation, which would enable transit systems to begin to address a $105 billion state-of-good-repair backlog as well as provide funding for capital funding for new projects.

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