Republicans in the U.S. House of Representatives on Monday unveiled an $8.1 billion plan to fund highway and rail transit projects through the end of 2015, paid for by extending an airport security fee increase and various tax rule changes.
Congress faces a July 31 deadline to renew federal transportation spending authority and avoid a major slowdown in road construction projects nationwide.
The five-month funding extension bill, which also will replenish the dwindling Highway Trust Fund for five months, was introduced by House Ways and Means Committee Chairman Paul Ryan and House Transportation Committee Chairman Bill Shuster.
Read more from Reuters.
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