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The Highway Trust Fund is a transportation fund in the United States which receives money from a federal fuel tax of 18.4 cents per gallon on gasoline and 24.4 cents per gallon of diesel fuel and related excise taxes. [2]
It also provided funds for these contracts. Congress again attempted to pass legislation (the Federal-Aid Highway Act of 1972) in 1972. However, the bill died after a House–Senate conference committee was unable to agree whether to allow Highway Trust Funds to be used for mass transit.
President Donald Trump signed an appropriations bill Thursday that extends federal surface transportation programs for one year, including $13.6 billion to keep the Highway Trust Fund (HTF) from ...
An act to authorize funds for Federal-aid highways, highway safety programs, and transit programs, and for other purposes. Acronyms (colloquial) IIJA: Nicknames: Bipartisan Infrastructure Law (BIL) Enacted by: the 117th United States Congress: Effective: November 15, 2021: Number of co-sponsors: 5: Citations; Public law: Pub. L. 117–58 (text ...
It’s only fair that they pay into the Highway Trust Fund just like other cars do," Fischer said, saying gasoline-vehicle users typically pay $87 to $100 annually to the trust fund.
The Highway Trust Fund is just one year away from exhausting its reserves, while Medicare’s hospital insurance trust fund has five years before depleting its extra funds.
"The old convoy had started me thinking about good, two-lane highways, but Germany had made me see the wisdom of broader ribbons across the land." His "Grand Plan" for highways, announced in 1954, led to the 1956 legislative breakthrough that created the Highway Trust Fund to accelerate construction of the Interstate System.
The Surface Transportation Assistance Act of 1982 was a comprehensive transportation funding and policy act of the United States Federal Government, 96 Stat. 2097.The legislation was championed by the Reagan administration to address concerns about the surface transportation infrastructure (highways and bridges).