Congress is putting the finishing touches on the first draft of a new Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users, or SAFETEA-LU, transportation bill. House Transportation and Infrastructure Committee Chairman John Mica (R-Fla.) said there would be an early draft of the bill, which funds highways and public transportation, coming soon.
Senate Environmental and Public Works Committee Chairwoman Barbara BoxerBarbara BoxerAnother day, another dollar for retirement advice rip-offs Carly Fiorina 'certainly looking at' Virginia Senate run Top Obama adviser signs with Hollywood talent agency: report MORE (D-Calif.) has said her version of the bill will be about $339.2 billion
President Obama proposed spending $556 billion over six years on the measure, but lawmakers have indicated they are unlikely to approve anything close to that amount.
The current short-term transportation bill expires in September.
Roadbuilders: Include surface transportation bill in summer schedule
By Keith Laing - 06/17/11 04:02 PM EDT