勛圖窪蹋厙's Stephen Sandherr joined Secretary LaHood and FAA Administrator Randy Babbitt at New York's LaGuardia Airport to discuss the economic impacts of the abrupt halt to $2.5 billion worth of airport construction projects. The event took place at the halted construction project to demolish the decommissioned FAA Airport Traffic Control Tower.
Senators Ron Wyden (D-Ore.), John Hoeven (R-N.D.) and Mark Begich (D-Alaska) have introduced 勛圖窪蹋厙 supported legislation today to create a tax credit bond program dedicated to transportation infrastructure. Transportation and Regional Infrastructure Project bonds or TRIPs will be a financing tool to fund the transportation projects throughout the country.
On Tuesday, 勛圖窪蹋厙 sent letters to the House and Senate urging passage of a multi-year aviation authorization bill to avoid further disruption to a construction industry that is already reeling from a steady decline in market opportunities which has resulted in the loss of 2.2 million construction jobs. The effort was made necessary after Congress failed to pass a short term extension of authorization for the Federal Aviation Administration (FAA). FAA authorization expired on September 30, 2007, and Congress has passed 20 short term extensions of authorization to keep the agency and its programs operating.
Congressional failure to pass federal aviation legislation is putting roughly 70,000 construction and related jobs at risk by forcing a halt to $2.5 billion worth of airport construction projects. The halt of so many airport projects will have economically "devastating" impacts on the industry, the economist warned.
Senate and White House Opposition Could lead to Shutdown of FAA
Amid opposition from the White House and the Senate, the House of Representatives passed by a vote of 243-177, the 21st extension of the Federal Aviation Administration (FAA) funding and tax extension bill, which would authorize funding for FAA through September 16. Unlike previous extensions, this bill is not a clean extension; meaning it includes policy changes to current law. The policy change in question would remove 13 of the 103 airports currently receiving Essential Air Service subsidies from the program, which would likely cause those airports lose all scheduled air service.
EPW Releases Bill Outline, Holds Hearing
A bipartisan deal on policy and spending provisions of the highway section of the surface transportation reauthorization has been reached by Senate Environment and Public Works Committee Chairman Barbara Boxer (D-CA) and Ranking Member Jim Inhofe (R-OK). The bill has not yet been released, but Senators Boxer and Inhofe issued a 3 page outline of their billon Tuesday. The bill, called Moving Ahead for Progress in the 21st Century (MAP -21) would provide $86 billion in contract authority for the federal highway program over the next two years.
In a news conference on Wednesday, July 6, Senate Environment and Public Works Chairwoman Barbara Boxer (D-Calif.) said that her committee would seek to pass a two-year surface transportation reauthorization bill; instead of a six-year bill that she had previously said was her goal.
House Transportation and Infrastructure (T&I) Committee Chairman John Mica (R-Fla.) was joined by his subcommittee chairs and a group of other leading Republican committee members at a briefing July 7 to present the outline for a surface transportation reauthorization proposal.
House Transportation and Infrastructure Committee Chairman John L. Mica (R-FL) announced that he and other Committee leaders will roll out a comprehensive, multi-year transportation reauthorization proposal on Thursday, July 7, 2011. The proposal will be released via live webcast and teleconference from Washington beginning at 11:00 a.m. (Eastern Time). 勛圖窪蹋厙 members may watch the event live at http://transportation.house.gov, or call the following number to listen and ask questions: (877) 229-8493 and enter the code 18416.
The premier event of the year for contractors involved in highway, bridge and utility construction is scheduled for November 10-12, 2011 in the Palm Springs Valley of California. The Highway and Utilities Contractors Issues Meeting will address the many issues that will be impacting your business over the next year and in years to come.