Huge Highway Bill Includes Safety, Trucking, Rail, Ex-Im Bank Provisions

U.S House and Senate lawmakers reached agreement on Tuesday on a $305 billion, five-year transportation bill that would revive the politically embattled Export-Import Bank while funding roads, bridges and mass transit.

The legislation, which has support from leading Republicans and Democrats, is expected to reach the floor of each chamber by Friday, when a short-term funding measure runs out. If approved and signed into law by President Barack Obama, it would be the first U.S. highway measure in a decade to last longer than two years.

The legislation would renew the Ex-Im Bank’s charter through Sept. 30, 2019, with some reforms attached, months after it expired on June 30 in the face of conservative opposition. The measure to revive the bank, which helps Boeing Co. and other companies with foreign competitors, has wide support in Congress.

The transportation bill falls short of the six-year, $480 billion package the Obama administration proposed earlier this year as a step toward reversing the deterioration of U.S. infrastructure and accommodating economic and population growth.

The five-year measure, dubbed the Fixing America’s Surface Transportation Act or FAST Act, would be the first long-term highway bill in a decade, and according to the Congressional Budget Office, would spend $280 billion on roads, bridges and mass-transit projects.

The bill contains a long list of non-infrastructure provisions that were the target of intense lobbying by interest groups for the transportation industry and public safety advocates. Following is a list of non-infrastructure provisions that would:

(Reporting by David Morgan; Editing by Andrew Hay)