The looming highway trust fund crisis: what will Congress do? Finding a path forward

By Evan M Migdail

Congress left for its one-week adjournment for the Independence Day holiday in the midst of intensive negotiations in both chambers to address an impending crisis in the nation’s transportation system. Absent a deal by August, the federal highway trust fund (HTF) will lack sufficient funding to support thousands of road, highway, bridge and other vital transportation maintenance and repair projects.  

The HTF traditionally has been supported by federal fuel excise taxes, but these have fallen short in recent years. The current fiscal year shortfall is estimated at around $10bn (£6bn); it is estimated that over the next six years the shortfall will approach $160bn. 

Because the insolvency of the HTF could adversely affect countless millions of Americans in every state, finding a solution to the crisis is both a high economic and political priority, especially with congressional elections just four-and-a-half months away…

Click on the link below to read the rest of the DLA Piper briefing.

Sign in or Register to continue reading this article

Sign in

Register

It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from DLA Piper

View more briefings from DLA Piper

Analysis from The Lawyer

View more analysis from The Lawyer

Overview

3 Noble Street
London
EC2V 7EE
UK
http://www.dlapiper.com

Turnover (£m): 1,566.29
No. of lawyers: 3,961 (UK 200)
Jurisdiction: global
No. of offices: more than 75
No. of qualified lawyers: 625 (International 50)

Jobs