House Republican Proposes $10.9 Billion Transport Funding Extension

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House Republican Proposes $10.9 Billion Transport Funding Extension

by Wochit 0:41 mins

House Republican Proposes $10.9 Billion Transport Funding Extension

by Wochit 0:41 mins

U.S. House Ways and Means Committee Chairman Dave Camp on Tuesday proposed a $10.9 billion plan to extend U.S. transportation funding through May 31, 2015, aimed at averting cutbacks for construction projects that would otherwise start in August. Camp's plan would raise $6.4 billion through pension fund revenue changes, $3.5 billion through customs user fees and the transfer of $1 billion from a fund used to clean up leaking underground storage tanks, according to a senior Republican aide.

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