Thomas Foley: “To quickly summarize, this bill, on behalf of the Committee on Ways and Means, provides new highway projects that will…”

“To quickly summarize, this bill, on behalf of the Committee on Ways and Means, provides new highway projects that will strengthen local economies and create local jobs; extends the authority to spend money from the Highway Trust Fund through September 30, 2009; provides $284 billion in needed funding for Federal highways; and extends the present law excise tax that finances Highway Trust Funds through September 30, 2011. It reauthorizes Highway Trust Fund transfers to the Aquatic Resources Trust Fund to account for fuel taxes collected for motorboat use, but it does not extend the general fund retention of motorboat fuel taxes. The administration supports the $284 billion funding level.”