By Keith Laing - 06/17/11 04:02 PM EDT
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 Boxer (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.