BRIDGE Act Gains Bipartisan Support

The legislation is aimed at jump-starting investments, job creation and boosting overall U.S. competitiveness.

Mark Warner

By AMANDA GOMEZ

(TRNS) — It’s no silver bullet, but The BRIDGE Act does address the nation’s shortfall in maintaining and improving infrastructure, says lead sponsor Sen. Mark R. Warner (D-VA).

The BRIDGE Act, sponsored by Warner and Sen. Roy Blunt (R-MO), would establish an independent nonpartisan financing authority to complement existing U.S. infrastructure funding. This authority in turn will provide loans and loan guarantees to help states and localities fund the most economically viable road, rail, port, water, sewer, and other significant infrastructure projects.

The legislation would presumably  jump-start investments, job creation, ad boost U.S. competitiveness.

The U.S. ranks 19th on the quality of infrastructure, a fact Warner said could be attributed to the U.S. spending roughly two percent of its GDP on infrastructure, about half of what it did 50 years ago.

10 Senators from both sides of the aisle stressed that infrastructure spending is a bipartisan problem.

Sen. Amy Klobuchar (D-MN) said poor infrastructure hit close to home, pointing to the 1-35W Mississippi River Bridge collapsing in August 2007, killing 13 people.

“Bridges just shouldn’t fall down,” Klobuchar said.

Blunt said the BRIDGE act can work in tandem with other proposed legislation to address the problem, like the Partnership to Build America Act, sponsored by Sen. John Delaney (D-MD).

DC Bureau Footer

Tags: ,

About TRNS Washington Desk

View all posts by TRNS Washington Desk
TRNS Washington Desk
News updates from on and around Capitol Hill.

LISTEN: The Weekend Ahead – October 25-27

The Day Ahead Logo

Elections in Tunisia and Brazil, and human rights reviews of Iraq, Iran and Egypt.

LISTEN: The World in 2:00 – October 24, 2014

The World in 2:00 continents logo

Ebola spreads to Mali, the Security Council attempts to strengthen Somalia’s arms embargo and a UN expert on immigration says it’s time for holistic reform.

Issa: CDC Chief Bumbled Ebola Response

Members of the House Oversight and Government Reform Committee were critical of Centers For Disease Control and the Department of Homeland Security.

NYC Mayor: New York City Fully Prepared to Handle Ebola

NYC Public Advocate Bill de Blasio. Photo/The office of Public Advocate for the City of New York

A doctor who recently returned from Guinea was diagnosed with Ebola on Thursday at a New York City hospital.

Brownstein: Reducing Methane Emissions Helps Job Growth, Economy

Expanding the methane mitigation industry will help with job growth and protect the environment, according to the Chief Counsel of the U.S. Climate and Energy Program.

UN in Brief: Calm & Conflict for October 24, 2014

UN Daily Brief Square

UN staff returning from West Africa to ‘self-monitor’ for Ebola, human rights expert says immigration debate ‘toxic’ and Somali cargo inspections are approved.