Today, House Ways and Means Committee Chairman Paul Ryan (R-WI) announced that the committee will hold a hearing on long-term financing of the Highway Trust Fund. The committee will explore the feasibility of various ideas to provide a sustainable long-term solution to the Highway Trust Fund shortfall. The hearing will take place Wednesday, June 17, at 10:00 AM in room 1100 of the Longworth House Office Building.
In announcing the hearing, Chairman Ryan said, “The roads and bridges that keep our economy moving rely on a highly unsustainable financing system. Solving this challenge for the long term will require us to think big, and I look forward to exploring new ideas to close the shortfall once and for all.”
In addition, Ways and Means Select Revenue Measures Subcommittee Chairman Dave Reichert (R-WA) said, “I look forward to working with my colleagues on finding a multi-year funding solution for the Highway Trust Fund (HTF) as well as a longer-term, sustainable funding source for the HTF. This is badly needed not just in my home state of Washington, but across the nation. Because of the importance of infrastructure to our communities and our economy, we will be diving into this issue, not just at the full committee level, but on the subcommittee level as well. I and my colleagues on the Subcommittee for Select Revenue Measures will be examining whether we could finance a multi-year highway bill as we make our international tax system more competitive.”
Oral testimony at this hearing will be from the invited witness only. However, any individual or organization may submit a written statement for consideration by the committee and for inclusion in the printed record of the hearing.
Note: All Committee advisories and news releases are available at http://www.waysandmeans.house.gov/.