At a Senate Banking Committee hearing Tuesday on surface transportation, Chairman Mike Crapo (R-Idaho) discussed the possible payment methods for the reauthorization of the FAST Act.
As Congress explores options for offsetting the cost of a multi-year reauthorization, Crapo expressed to the Banking Committee that Fannie Mae and Freddie Mac guarantee, or 'G' fees, and Federal Reserve dividends and surplus funds should not be used as a piggybank to fund the program.