NAM President urges quick Senate action on Highway Trust Fund.
Press Release Summary:
Approved by House in July, H.R. 6532 legislation would restore Highway Trust Fund balance. NAM President, John Engler commends Secretary of Transportation, Mary Peters and Bush Administration for their urgent request for action and for backing legislation to avert crisis. NAM strongly supports this effort to return Highway Trust Fund to state of solvency. If left unresolved, everyone in nation who touches highway construction project will be adversely affected.
Original Press Release:
NAM President John Engler Urges Quick Senate Action on Highway Trust Fund
WASHINGTON, D.C., September 5, 2008 -- National Association of Manufacturers President John Engler today issued the following statement urging the Senate to quickly take up H.R. 6532, legislation that will restore the Highway Trust Fund (HTF) balance, which was approved by the House in July by an overwhelming majority.
The Department of Transportation today announced federal highway payments to the states are at risk due to a sooner than anticipated shortfall. I commend Secretary of Transportation Mary Peters and the Bush Administration for their urgent request for action and for backing this critical legislation to avert a crisis.
The NAM strongly supports this effort to return the Highway Trust Fund to a state of solvency. We have reached the end and it is time to restore funds to this critical funding mechanism to ensure financial support for our nation's transportation infrastructure. If left unresolved, everyone in the nation who touches a highway construction project - from highway construction suppliers to heavy equipment manufacturers to shippers and the traveling public, will be adversely affected.
In this fragile economic climate, I know the Senate will choose to do the right thing and act quickly upon its return.
The National Association of Manufacturers is the nation's largest industrial trade association, representing small and large manufacturers in every industrial sector and in all 50 states. Headquartered in Washington, D.C., the NAM has 11 additional offices across the country. Visit the NAM's award-winning web site at www.nam.org for more information about manufacturing and the economy.
