Transportation, Housing and Urban Development, and Related Agencies

Thank you, Chairwoman Granger.

The bill before the Committee responsibly funds our most critical transportation and housing needs, which will have a positive impact in every Congressional district.

At the same time, the bill meets the challenge before us to reduce spending and get our debt under control.

The bill reduces spending 25% below Fiscal Year 2023 levels, with a CBO score of $65 billion. We achieve these savings through a rescission of IRS funds and by reducing billions in excessive spending.

We have cut or eliminated 19 grant programs at DOT and HUD, totaling over $8 billion in savings, compared to the enacted level.

The total program level in this bill is $90 billion. We have carefully allocated resources to the most critical missions at DOT and HUD.

We prioritize transportation safety – on our railways, roads and airways.

I want to thank Chairman Cole for presenting the Fiscal Year 2024 Transportation, Housing and Urban Development, and Related Agencies bill. I appreciate the work he has done on this Subcommittee.

This bill is another example of the real progress we are making to reduce overall spending while funding our highest priorities.

The bill refocuses spending on programs that support affordable housing and safe, effective transportation systems.

Instead of giving the Administration more grant funding to spend, this bill gets us back to funding core missions.

This bill responsibly funds critical transportation infrastructure to ensure our roads, railways, and air traffic control systems are safe and reliable.

The housing programs in this bill provide support for working families, the elderly, the disabled, and our veterans.

The Subcommittee will come to order.

I want to welcome everyone to the Subcommittee Markup of the Fiscal Year 2024 Transportation, Housing and Urban Development, and Related Agencies Appropriations bill.

I am pleased to be joined by Ranking Member DeLauro, Ranking Member Quigley, and the Members of the Subcommittee.

I believe the bill before the subcommittee responsibly funds our most critical transportation and housing needs, which will have a positive impact in every congressional district.

At the same time, the bill meets the challenge before us to reduce spending and get our debt under control.

The bill reduces spending 25% below Fiscal Year 2023 levels, with a CBO score of $65 billion. We achieve these savings through a rescission of IRS funds and by reducing billions in excessive spending.