The sponsor of the GOP bill, Senate Finance Committee ranking member Orrin HatchOrrin HatchSenate Finance panel to hold Price hearing next week Overnight Finance: Price puts stock trading law in spotlight | Lingering questions on Trump biz plan | Sanders, Education pick tangle over college costs Trump Treasury pick gets support from ex-mortgage assistance leader MORE (R-Utah), argued that his bill is a better alternative because it would not add to the deficit or raise taxes.
Aside from funding highway programs for two years, the bill incorporates the Regulations from the Executive in Need of Scrutiny (REINS) Act, which would give Congress the authority to override regulations Republicans say are hindering job growth. It also delays several pending Environmental Protection Agency regulations.
Both the Democratic bill and the Republican alternative are likely to fail today, as both motions to proceed will require 60 votes for passage. The Democratic bill would spend $50 billion on new infrastructure programs and create a $10 billion infrastructure bank.