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House OKs Infrastructure Jobs Bill

Tuesday, December 22, 2009

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The U.S. House of Representatives has approved the Jobs for Main Street Act (H.R. 2847), which contains key investments for infrastructure and public housing projects.

The bill passed, 217-212, on Dec. 16. The measure, endorsed by the American Subcontractors Association, includes:

  • $48.3 billion in investments for highway, transit, rail, maritime and clean water projects as well as public housing programs.
  • An extension of the current surface transportation authorization until Sept. 30, 2010, while Congress considers a full six-year reauthorization.

The bill also contains a six-month extension of the Recovery Act COBRA subsidy to help unemployed individuals maintain health insurance and $354 million to continue two Small Business Administration temporary loan guarantee programs through Sept. 30, 2010.

The U.S. Senate is expected to take up this measure in January.
   

Tagged categories: Infrastructure; Subcontractors

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