Ice Melting in Washington?
- Written by Mark Kuhar
January 24, 2012 – The word on the street is a compromise has been reached by congressional leaders on a final FAA reauthorization bill, and the House is poised to move forward on multiyear highway legislation in February. House Republicans will reportedly unveil a surface transportation bill later this week. After introducing the legislation, the House Transportation and Infrastructure Committee will promptly move forward with consideration of the bill, mark it up on Feb. 2 and then send it to the House floor for final approval. House Republican leadership has indicated their desire to finish the bill by Feb. 20. Multiple industry sources have confirmed the bill is likely to be five years in duration and provide $52 billion annually. The proposal will be financed in part by expanded offshore drilling royalties. We have heard these rumors before, but this time, the ice appears to be melting in Washington.