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Friday, December 4, 2015

House, Senate, Pass Highway Bill

The Senate followed House action Thursday, passing the highway funding bill which includes a fix to crop insurance cuts that were included in last month’s budget deal. The bill passed the Senate 83-16 Thursday night after passing the House 359 to 65 earlier in the day. The bill will reverse a $3 billion cut to crop insurance. The White House indicated earlier in the week that the President would sign the bill once it reaches his desk. The crop insurance cuts were part of a budget agreement passed last month that was not allowed amendments. However, Congressional leadership vowed at the time to fix the cuts later in the year. The bill, formally known as H.R. 22, the conference report on the Surface Transportation Reauthorization and Reform Act, authorizes $305 billion in spending. It is the first five-year transportation authorization bill in more than 10 years and received support from key farm groups due to its basic provisions, which are important to rural America, and for its crop insurance provision, according to the Hagstrom Report.