House and Senate Appropriations Committees Provide Increased Funding for Surface Transportation Board in FY 2024

On July 20, 2023, the Senate Appropriations Committee approved $47.452 million for the Surface Transportation Board (STB or Board) in its FY 2024 Transportation, Housing and Urban Development (THUD) appropriations measure. Included in this bill is accompanying report language, requested by the Freight Rail Customer Alliance (FRCA), “… continues to encourage the STB to provide a timely and decisive regulatory process.”   On July 18, 2023, the House Appropriations Committee approved its FY 2024 THUD appropriations funding the STB at $48.184 million – the level recommended in the Administration’s FY 2024 Budget and supported by FRCA.  The FRCA “Side-by-Side” can be viewed here.