The House Transportation and Infrastructure Committee is scheduled Wednesday to mark up a bill that would direct $547 billion in federal investments to modernize roads, bridges, transit and rails over a five-year period.
Committee Chair Peter DeFazio, D-Ore, introduced the Investing in a New Vision for the Environment and Surface Transportation in America Act with fellow House lawmakers Eleanor Holmes Norton, D-D.C., and Donald Payne Jr., D-N.J.
“The INVEST in America Act puts a core piece of President Biden’s American Jobs Plan into legislative text—seizing this once-in-a-generation opportunity to move our transportation planning out of the 1950s and toward our clean energy future,” DeFazio said.
Payne, chair of the panel’s railroads, pipelines and hazardous materials subcommittee, noted that the bill includes $95 billion for intercity passenger rail infrastructure modernization projects such as the Gateway Program.
The committee intends to release the legislative text of the bill before lawmakers take up the bill.