U.S. Sen. Dick Lugar (R-IN) released the following statement regarding passage of the Highway conference report:
I am pleased to support the legislative package that includes the reauthorization of the federal highway programs, the National Flood Insurance Program (NFIP), and a student loan rate agreement.
The highway conference committee worked diligently to address the concerns I expressed regarding Indiana's unfair share of highway funding. These changes to highway funding formulas will increase Indiana's distribution of highway funds to a fair and equitable amount.
This legislation also removes a provision which would have punished Indiana for the innovative lease of the Indiana Toll Road, which funded Governor Daniels' "Major Moves" initiative. Furthermore, I am pleased the bill includes my amendment to help Indiana's recreational vehicle (RV) industry. The industry will now benefit from a needed axle weight limit exemption, to support the RV industry's rebound and growth in the years ahead.
Additionally, this package contains needed reforms to the National Flood Insurance Program (NFIP) which includes bringing the program back to solvency and an important agreement on freezing interest rates for federally subsidized student loans.