Government Affairs Brief

The White House submitted a $6 trillion budget for the 2022 fiscal year to Congress on May 27, representing the most sustained spending in over 50 years. The budget proposed by the White House is the President' Biden’s initial offer to Congress in negotiations over the federal budget and is likely to change before becoming law. It calls for spending to jump to more than $8 trillion by 2031.

The National Oceanic and Atmospheric Administration’s Climate Prediction Center yesterday forecasted a more-active-than-normal hurricane season this year. Thankfully, the members of the International Liquid Terminal Association were already prepared with drills, emergency preparedness plans and ongoing communications with government, emergency response and industry partners. The Atlantic hurricane begins June 1 and extends through November 30.

The recent ransomware attack that brought Colonial Pipeline – and nearly the entire East Coast petroleum product supply chain – to its knees highlighted operational issues where the terminal industry could help overall fuel supply resilience with assistance from regulators.