NACD supports legislative efforts to reform America’s aging transportation infrastructure, specifically our rail systems, highways, and bridges. As it relates to a long-term infrastructure bill and the Fixing America’s Surface Transportation (FAST) Act, NACD members advocate for infrastructure proposals that protect small and large businesses and promote job creation and competitiveness.
The Highway Trust Fund (HTF) has funded most of the federal surface transportation programs since 1956. The HTF is financed by the 18.4-cents-per-gallon gasoline tax and 24.4-cents-per-gallon diesel fuel tax, which have not been raised since 1993. In 2015, President Obama signed the Fixing America’s Surface Transportation (FAST) Act that provided long-term funding for surface transportation infrastructure planning and investment, expiring in September 2020. According to the U.S. Department of Transportation, 170,000 miles of our roads are in poor condition. Internationally, the U.S. currently ranks 12th out of 138 countries for the quality of infrastructure, according to the World Economic Forum.
NACD supports legislative efforts to reform America’s aging transportation infrastructure, specifically our rail systems, highways, and bridges. U.S. businesses and our nation’s economy depend on safe, efficient, and reliable surface transportation that promotes economic competitiveness. NACD supports:
The FAST Act was due to expire September 30, 2020. Instead of coming to a long-term conclusion for authorizing infrastructure renewal, Congress gave the FAST Act a short one-year authorization extension to September 30, 2021. NACD is optimistic that the newly elected 117th Congress, on both sides of the aisle, will be able to agree on infrastructure. NACD urges Congress and the new administration to start work on a long-term infrastructure bill and FAST Act reauthorization.
For further questions about NACD’s CFATS Reauthorization Issue Page, please contact Nicholas Breslin, Coordinator of Government Affairs at email@example.com.