The Senate voted 83-16 Thursday to pass a $305 billion highway funding bill that includes a provision to reauthorize the Export-Import Bank, The Hill newspaper reported Thursday.
Vicki Needham writesÂ the Fixing America’s Surface Transportation Act, which was approved by the House in a 359-65 vote, now heads to the White HouseÂ and lawmakers expect President Barack ObamaÂ to sign the bipartisan bill by Friday.
The newspaper quoted Sen. Mark Kirk (R-Ill.) as sayingÂ he believes a revival of theÂ Export-Import Bank couldÂ help U.S. manufacturing companies compete in the international market.
Reuters’ David Morgan reported theÂ FAST Act would renew the bank’s charter through Sept. 30, 2019.
The bill would also provide about $280 billion to helpÂ the Highway Trust Fund finance public transportation projects without a gas-tax increase, the report said.