House Transportation Committee chairman James L. Oberstar plans to bring a three-month extension of the current transportation funding law to the House for a vote today and insisted in an interview Monday that he will not support any further extensions in lieu of a new multi-year bill.

The Minnesota Democrat said the bill is a "clean" extension of the current law that expires Sept. 30 - meaning it would not create or cut programs, nor would it address a looming statutorily mandated rescission of $8.7 billion of unobligated funds that is scaring transportation groups.

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.