After months of wrangling, Congressional leaders zeroed in on a deal Wednesday to extend transportation spending authority for two years and current student loan interest rates for one year in what might be one of the last major legislative victories before November’s elections.
Democrats and Republicans alike feared the political ramifications of policy lapses that could stall millions of highway workers’ jobs and double more than 7 million students’ loan rates. Facing a June 30 policy deadline, a holiday recess and a House-imposed legislative cutoff, Congressional leaders arm-twisted their negotiators and rank and file to get behind the agreement to extend the interest rate levels for one year and federal highway and infrastructure projects through September 2014.
Much of the day was spent in a holding pattern, especially on the Senate side, where leaders and negotiators waited to hear from House Republicans whether the compromise that had been delicately pieced together would hold. Republicans gave up their demands for language expediting the Keystone XL oil pipeline and provisions on toxic coal ash, while Democrats agreed to ease certain environmental protection rules, including shrinking the time frame regulators have to survey project sites.
Leaders were seeking to tack a five-year flood insurance bill onto the agreement as well, hoping that the necessity of each of the three pieces would be perceived as greater together. Moreover, voting for everything in the hours before recess makes it more likely that any potential objectors would feel pressure from their colleagues to keep quiet so everyone can jet home.
“I am so glad that House Republicans met Democrats half way, as Senate Republicans did months ago,” Senate Environment and Public Works Chairman Barbara Boxer (D-Calif.) said in a statement Wednesday.
“We speed up project delivery, cut red tape, and do it without jeopardizing environmental laws,” Boxer continued. “Our country needs the kind of economic boost that this bill offers, and I am looking forward to getting it to the president’s desk.”
Boxer and her House counterpart, Transportation and Infrastructure Chairman John Mica (R-Fla.), needed to deliver a final product with legislative language by Wednesday night to satisfy House rules requiring a bill to be posted three legislative days before a vote.
But late Wednesday evening, leaders still were waiting for final legislative language to present to their respective caucuses, even though Members and aides began releasing statements touting a deal without any substantive claims that they had finished one.