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.

No comments yet.

Leave a Reply

Goodbye: Obama Praises Hagel In Military Tribute

“You’ve always been frank and honest and said what you thought, and I have so profoundly benefited from that candor,” Obama said.

LISTEN: The Day Ahead – January 29, 2015

Greece’s Prime Minister meets with the head of the European Parliament, another attempt at South Sudan peace talks and the Security Council discusses Haiti.

UN Peacekeeper in Lebanon Killed by Israeli Mortar Attack

Two Israeli soldiers were also killed as Hezbollah militants launched rockets and missiles into the contested Golan Heights region early Wednesday.

House Passes New Energy Bill, Increases DOE Regulations

Congressman Bill Johnson says new act would put a “shot clock on the Department of Energy” and “create a freer world and a stronger America”

LISTEN: The World in 2:00 – January 28, 2015

The World in 2:00 continents logo

Fighting between Israel and Hezbollah claims three lives and heavy rains in Southern African have displaced a quarter million people, most of them in Malawi.

Fifty-Four Years Later Judge Tosses Sit-in Convictions for Friendship Nine

In 1961 a group of African-Americans were sentenced to hard labor for sitting at a whites-only lunch counter, on Wed they had their convictions overturned.