America's Transportation Infrastructure Act (ATIA) of 2019
On July 29, 2019, the Senate Environment and Public Works (EPW) Committee unanimously approved ATIA. It is the largest highway legislation in U.S. history. It authorizes $287 Billion over five (5) years with $259 Billion authorized for formula programs to maintain and repair roads and bridges across the US and dedicates $5.5 Billion in a new resiliency program dedicated to protecting highways from storms, fires, floods and rockslides. The total represents an increase of over 27% from FAST Act levels.
The legislation includes provisions to improve road safety, streamline project delivery, protect the environment and grow the economy. It also authorizes a mix of formula-based and grant-based programs to begin to reduce transportation-related emissions. Broader legislation includes a measure to improve America's bridges. The Bridge Investment Act, a total of over $6.5 Billion, would establish a competitive grant program to assist in the repair and replacement of deficient and outdated bridges, and ease the national bridge repair backlog.
The U.S. Chamber of Commerce applauded the five-year highway bill publicly on social media. The final step of determining financing will be left for the Senate Finance Committee. A House of Representatives version of the transportation bill is not expected until early 2020.
Watch for updates to this exciting legislation.