Steel Institute Lauds Passage of Bill to Fund Highway Trust Fund

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For Immediate Release
July 15, 2014

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) today commended the House of Representatives for approving H.R. 5021, by a vote of 367-55, which provides $10.8 billion to restore solvency to the Highway Trust Fund through May 2015.

“While we applaud the House of Representatives’ efforts to pass a short-term fix for the Highway Trust Fund, it is imperative that we have a long-term, sustainable funding solution moving forward,” said AISI president and CEO Thomas J. Gibson. “The U.S. steel industry relies on quality infrastructure to move products and raw materials, and without sufficient resources to maintain and upgrade our roads, the steel industry – and manufacturing sector as a whole – is at a great disadvantage against our foreign competitors.”

Gibson said shortfalls in the fund could place 700,000 jobs at risk, according to the Department of Transportation.

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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