Senate Files $275 Billion Multi-Year Highway Bill

June 24, 2015

A bipartisan group of senators introduced legislation that would spend $275 billion over the next six years on U.S. infrastructure projects, reports The Hill.

The measure, known as the Developing a Reliable and Innovative Vision for the Economy (DRIVE) Act, calls for allocating nearly $43 billion per year to the federal government's highway program.

The bill would be the most extensive reauthorization since 2005, when SAFETEA-LU was passed, according to Roads & Bridges.

The federal government's transportation spending is typically funded by a combination of the gas tax and transfers from other areas of the budget.

Lawmakers face a July 31 deadline for the expiration of the current infrastructure measure but are deadlocked on how to pay for an extension.