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Think Tank is the blog of the International Liquid Terminals Association that highlights the liquid terminal industry and its importance to the U.S. and world economy.

 

Infrastructure Negotiations Heat Up, But Deal Remains Elusive

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Following overwhelming bipartisan approval in late April of a $35 billion measure to clean up the nation’s water systems, and the unanimous Senate Environment and Public Works Committee approval on May 26 of a $311 billion highway bill, President Biden hopes to carry that spirit of cooperation to his ambitious multitrillion-dollar infrastructure package. Unfortunately for him, moments of cooperation in deeply divided Washington can be fleeting. 

Congressional Democrats Introduce Climate Disclosure Legislation

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Senator Elizabeth Warren (D-MA) and Representative Sean Casten (D-IL) on April 15 introduced the “Climate Risk Disclosure Act” to mandate that publicly traded companies disclose climate-related metrics under the supervision of the Securities and Exchange Commission. The SEC is currently working on a similar administrative mandate that is expected to be released soon.  The legislation is intended to codify the new SEC rule and protect it against legal challenges or a future Republican-controlled SEC effort to overturn it. 

Biden Administration, Congress Turn Attention to Infrastructure Bill

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After signing the $1.9 trillion COVID relief bill into law on March 11, President Joe Biden quickly turned his attention to moving a massive infrastructure package through Congress, outlining a $2 trillion infrastructure and jobs plan called the “Build Back Better Recovery Plan” In Pittsburgh March 31.   

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