Americans are taking the train (and the bus) like never before, and public transportation ridership reached its highest level in more than 50 years in 2008. Cities of all sizes are looking to meet the burgeoning demand for quality public transportation service. With Chairman James Oberstar’s 90-page proposal for the next transportation bill coming out this morning from the Transportation and Infrastructure Committee, we are left with an important question — how would these current or future transit systems fare under his proposed program?

We’ll have a running series of posts today breaking down some of the notable spending levels and reforms proposed in Chairman Oberstar’s outline of the transportation bill. He told Congressional Quarterly this morning that he is still planning on releasing full bill text and marking up the bill in his Highways and Transit Subcommittee next week. According to his summary, the upcoming bill will restructure and transform the different programs away from multiple “prescriptive programs” into a “performance-based framework” “designed to achieve specific national objectives.”

UPDATED: The 11 a.m. press conference has been moved to 2 p.m. A 10-page summary of the transportation bill draft is out this morning from the House Transportation and Infrastructure Committee. The bill outline, entitled the “Surface Transportation Authorization Act of 2009,” is available at right, alongside a second document that describes the myriad programs which being recommended for consolidation under the new bill.

After much back-and-forth on times and dates today, we think this information is pretty solid: Transportation and Infrastructure Committee Chairman James Oberstar is holding an invitation-only press conference Wednesday, June 17th at 11 a.m. to talk with invited media outlets about the white paper and outline for the upcoming transportation bill. 24 hours later, on [...]