With the expiry looming of the current federal authorization for U.S. surface transportation funding, the Obama Administration recently submitted a bill to Congress (the “Grow America” Act) proposing a four-year reauthorization and containing several programmatic modifications. The Senate is currently working on a proposed bill (expected to be introduced today) and a House bill is expected to follow. We summarize in the attached the key elements of Grow America, congressional activity to date relating to a new bill, and specific surface transportation financing options that are likely to be discussed among stakeholders.

View full memo, Federal Surface Transportation Reauthorization: The Road Ahead