WASHINGTON — The House Transportation Committee Monday unveiled a 775-page, multi-year transportation infrastructure bill that is to be voted on Wednesday by its transit and highways subcommittee.

The bill, sponsored by committee chairman James L. Oberstar, D-Minn., would establish a bond-related metropolitan mobility program for metro areas with more than 500,000 residents, including the establishment of metropolitan infrastructure banks. Oberstar has said that $1 billion of federal funds would be provided for the metro mobility program.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.