Funding for Smart Transportation Technology

EVs

The U.S. Department of Transportation (DOT) announced that it is accepting applications for two programs that will make approximately $160 million available annually for the next five years for projects that use technology to improve our transportation infrastructure and make communities safer. Read more here.

ABMA Meets with Legislators on Priority Issues

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ABMA met with the office of Senator Tim Scott (R-SC) to discuss the Senator’s interest in leading the Employer-Directed Skills Act in the upper chamber. The legislation is one of ABMA’s legislative priorities as it would leverage private sector investment in workforce development (WFD) and align efforts to reskill the workforce to better match the specific needs of employers. The bill is already pending in the House, but its prospects for ultimately becoming enacted are improved considerably if there is companion legislation in the Senate that has bipartisan support.

What the Inflation Reduction Act Means for LBM

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On Sunday evening, the U.S. Senate passed the Inflation Reduction Act (H.R. 5376) on a 51-50 vote with all Democrats voting in favor and all Republicans voting against. Vice President Harris broke the tie with her aye vote and the measure was sent to the House, which is expected to approve the bill on Friday, again along party lines.

Biden Administration Announces Funding to Modernize Transportation, Strengthening Supply Chains

DOT

U.S. Secretary of Transportation Pete Buttigieg announced that the Biden-Harris Administration has awarded more than $2.2 billion from the Rebuilding American Infrastructure with Sustainability and Equity (RAISE) program to help urban and rural communities move forward on projects that modernize roads, bridges, transit, rail, ports, and intermodal transportation and make our transportation systems safer, more accessible, more affordable, and more sustainable.

Biden Administration Allots $7.3 Billion from Bipartisan Infrastructure Law to Help Communities Build Resilient Infrastructure

DOT

In an ongoing effort to combat the effects of climate change and address the growing costs of extreme weather events negatively impacting communities, the U.S. Department of Transportation’s Federal Highway Administration (FHWA) announced new guidance and $7.3 billion in formula funding to help states and communities better prepare for and respond to extreme weather events like wildfires, flooding, and extreme heat.

DOT Awards Funding to Community Colleges to Prepare Veterans for Jobs in Trucking

FMCSA

The DOT’s Federal Motor Carrier Safety Administration (FMCSA) has awarded $3.1 million to community colleges and training institutes through grants that will assist current and former members of the Armed Forces who want to pursue careers in trucking to get commercial driver’s licenses (CDLs) and the training they need to enter the profession.

Possible Income Tax Credit for Commercial Truck Drivers?

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In an effort to address the truck driver shortage, U.S. Representatives Abigail Spanberger (D-VA) and Mike Gallagher (R-WI) introduced bipartisan legislation that would establish a refundable income tax credit for qualified commercial truck drivers. The bill, titled the Strengthening Supply Chains Through Truck Driver Incentives Act (H.R. 7348), authorizes a tax incentive to attract and retain new drivers. Specifically, the measure would create a two-year refundable tax credit of up to $7,500 for truck drivers holding a valid Class A commercial driver’s license who drive at least 1,900 hours in the year.

BBB Remains a Moving Target

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Both the House and Senate were in recess this week, but negotiations continue on forging a deal on a more targeted Build Back Better bill that can pass the Senate. On Tuesday, Senator Ron Wyden (D-OR)—Chairman of the Senate Finance Committee—announced that Senate Democrats would soon unveil a compromise measure built around green energy tax credits and a number of health care and prescription drug pricing provisions.

DOT Issues American Mobility Fact Sheet

DOT

The Infrastructure Deal is a significant investment in America’s transportation network. It will allow the nation to modernize its infrastructure, making it safer and more resilient.