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House Passes Highway Bill Under New Speaker Paul Ryan

Measure would revive Export-Import Bank that expired June 30
Bill may become first multiyear highway law since 2012

Video player cover image — Ryan Says House Republicans to `Go on Offense on Ideas'

By

Billy House and

Kathleen Miller

November 5, 2015, 4:08 PM UTCUpdated onNovember 5, 2015, 5:08 PM UTC

The House passed a long-term U.S. highway funding plan Thursday, handing new Speaker Paul Ryan a legislative victory and paving the way for the first multi-year transportation law since 2012.

Lawmakers voted 363-64 for the bill that would revive the U.S. Export-Import Bank, whose charter expired June 30. Bankers also won a last-minute change that will use Federal Reserve surplus funds to pay for highway improvements, instead of reducing a payout they receive from the central bank.