Republicans may advance infrastructure bill
Published by Rebecca Bowden,
Assistant Editor
World Cement,
Infrastructure investment has been made a top priority for his new administration by President-Elect Donald Trump. House Majority Leader Kevin McCarthy, R-Calif., has now weighed in on the subject, telling reporters that such a bill could be a priority for Congress next year.
“I think the infrastructure of America is lagging far behind. I think this is one that can be a priority,” he told a reporter. “I also believe it can be a bipartisan issue.”
Trump has proposed a US$1 trillion, 10-year infrastructure spending package that relies predominantly on private financing and calls into question how lawmakers could ensure the legislation does not run afoul of congressional budgetary rules.
Republicans historically have had concerns about how quickly infrastructure projects can be realised, McCarthy said, indicating at a minimum that members may seek to build on changes made to the federal permitting process in the FAST Act. Senate Majority Leader Mitch McConnell, R-Ky., said last week, however, another infrastructure bill would not be a priority for the Senate given that the 2015 infrastructure bill runs through 2020.
Read the article online at: https://www.worldcement.com/the-americas/15112016/republicans-may-advance-infrastructure-bill/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.
