ILTA lauds House T&I for bipartisan work to advance WRDA bill
Legislation supports port, harbor and inland waterway investment
FOR IMMEDIATE RELEASE
Washington, D.C., July 15, 2020—Kathryn Clay, president of the International Liquid Terminals Association, today applauded the House Transportation & Infrastructure Committee for advancing the Water Resources Development Act of 2020. During a markup this morning, the committee voted xx-xx in favor of advancing the bill to House leaders.
“During this period of increased partisanship in Washington, we were particularly pleased to see the House Transportation & Infrastructure Committee advance in a bipartisan manner this important bill to fund the maintenance, construction and improvement of our nation’s harbors, inland waterways and ports.
“This legislation would authorize expenditures from both the Harbor Maintenance Trust Fund (port dredging) and the Inland Waterways Trust Fund (maintenance of navigable rivers and canals) at near the record levels authorized in 2020 and far above the levels requested in the Trump administration’s budget. The bill would allow some $10 billion in already collected HMT funds to be used to fund port and harbor maintenance across the nation. In addition, the bill would adjust the cost-share for construction and major rehabilitation of inland waterways projects, shifting the cost-share to 65 percent from the general fund of the Treasury and 35 percent from the Inland Waterways Trust Fund, compared with the current 50/50 cost share.
“ILTA urges speedy passage of the bill on the House floor. Because the Senate-passed legislation overlaps the House bill so closely, ILTA is hopeful that the bill can pass both chambers before recess and moved to President Trump for his signature.”
Founded in 1974, the International Liquid Terminals Association represents more than 85 companies operating liquid terminals in all 50 states and in over 40 countries. Our members’ facilities provide critical links between all modes of transportation for liquid commodities, such as crude oil, petroleum products, chemicals, renewable fuels, fertilizer, vegetable oils and other food-grade materials that are central to the U.S. economy. Terminals provide essential logistics services that spur trade both within the United States and connect the U.S. economy with overseas markets. ILTA’s membership also includes about 400 companies that supply equipment and services to the terminal industry.
International Liquid Terminals Association