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.

Click here for: Friday, October 31

● Shrimp origins are questioned

● IRS adjusts taxes for inflation

● Gerber’s baby food doesn’t prevent allergies

● Charity accused of electioneering

● Coalition seeks restoration of whistleblower rights

● Divestiture ordered for media deal

LISTEN: The Day Ahead – October 31, 2014

The Day Ahead Logo

The Obamas celebrate Halloween, the UN dispatches its West African envoy to Burkina Faso and San Francisco celebrates its third World Series in five years.

Interview: Racial Inequality “A Major Factor” In South Carolina

Dr. Lonnie Randolph, Jr., President of the South Carolina NAACP spoke to TRNS after two former police officers pleaded guilty to excessive force by repeatedly tasering a 40-year-old black woman with mental disabilities.

Hagel Denounces Assisting Assad Regime

While immediate U.S. airstrikes in Syria have weakened the Assad regimes’ enemies, Secretary Hagel reaffirmed the Pentagon’s long term battle against the Assad regime

Interview With Rob Maness: Republican Candidate For Louisiana

While many Republicans have been endorsing Rep. Bill Cassidy, Maness says that they have also been launching a smear campaign against him.

DoD: The Scale Of Deployment Determined Monitoring Policy

The duration of deployment and number of troops to West Africa is driving the decision for a 21-day controlled Ebola monitoring policy, the Department of Defense said.