Jim Oberstar (D-MN), chairman of the House Transportation and Infrastructure Committee, will release a "white paper" on his plans for the upcoming federal reauthorization bill in a press conference on Wednesday.
It's important to note that the paper will serve as an outline -- legislative language is expected to emerge later. (Streetsblog Capitol Hill's bet is still on the final days before the July Fourth recess.)
Here's how Oberstar's office put it in an official release:
The authorization bill is currently beingdrafted and will replace the current authorization, SAFETEA-LU, whichis due to expire on September 30. Oberstar has promised that thenew authorization will transform the way the federal government investshighway, safety, and transit funds.
