The sponsor of the GOP bill, Senate Finance Committee ranking member Orrin HatchOrrin HatchOvernight Finance: Senate Dems dig in as shutdown looms | Trump taps fast-food exec for Labor chief | Portland's new CEO tax Mnuchin, Price meet with GOP senators Overnight Finance: Trump blasts Carrier's union leader | What's in the spending bill | Jamie Dimon gets perch for Trump era | AT&T, Time Warner execs grilled 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.