WASHINGTON — The Associated Press has reported that on Friday, December 4, President Obama signed the Fixing America’s Surface Transportation (FAST) Act into law.
The 5-year, $305 billion bill was approved 359 to 65 in the House, and 83 to 16 in the Senate.
The bill boosts highway and transit spending and assures states that federal help will be available for major projects.
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According to AP news, the 1,300-page bill was hailed by industry and public officials as a major accomplishment that will halt the cycle of last-minute short-term fixes that have kept the federal Highway Trust Fund teetering on the edge of insolvency for much of the past eight years.
You can read more from AP News here.