Steel Institute Commends Senate on Passing Highway Trust Fund Bill

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For Immediate Release
August 1, 2014

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) today applauded the U.S. Senate for approving H.R. 5021, by a vote of 81-13, which provides $11 billion to fund the Highway Trust Fund through May 2015.

"While we commend the Senate for passing legislation to restore solvency to the Highway Trust Fund, this is a short-term fix to a long-term problem," said Thomas J. Gibson, president and CEO of AISI. "The Highway Trust Fund is vital to a well-maintained infrastructure system – a system that the U.S. steel industry relies on to move product and raw materials. While we are pleased Congress has acted to fund the Highway Trust Fund, a plan to ensure its future solvency must be identified."

According to the U.S. Department of Transportation, up to 700,000 jobs were at risk if the bill failed.

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AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 22 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry. AISI's member companies represent over three quarters of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI's website at