Washington – Today, the U.S. House of Representatives voted on H.R. 4348, Surface Transportation Extension Act of 2012, which included important provisions to reauthorize highway and transit programs, extend the national flood insurance program, keep student loan interest rates from skyrocketing, and other important programs.
Rep. Green stated, “I was extremely pleased that Democrats and Republicans came to a bipartisan agreement on this crucial reauthorization bill since there are many provisions that are important to our nation and our community. The reauthorization of the flood insurance program through 2017 is critical for homeowners in low-lying areas like Houston and East Harris County. The RESTORE fund will also provide significant benefits to our area to help with environmental restoration after the Deepwater Horizon spill. Students will continue to have access to low interest rates, and the Highway Trust Fund will be adequately funded so important highway projects across the country will continue. This is a great piece of legislation and I’m glad it passed.”
The measure also creates a Gulf Coast Restoration Trust Fund and provides that 80% of the penalties paid by the parties responsible for the 2010 Deepwater Horizon oil spill be distributed to Gulf Coast States for environmental restoration activities.
Both the existing highway program authority and the reduced student loan interest rate were scheduled to expire this weekend.
The bill passed by a vote of 373-52.
Press Secretary, D.C. Scheduler
Congressman Gene Green (TX-29)