Walorski, Blumenauer Introduce Bill to Invest in Transportation and Water Infrastructure
Move America Act Would Expand Tax-Exempt Financing and Leverage Private Investment in Infrastructure
WASHINGTON – U.S. Reps. Jackie Walorski (R-Ind.) and Earl Blumenauer (D-Ore.) today introduced the Move America Act of 2019 to bring billions of dollars of investment to state and local governments to help grow and repair America’s aging infrastructure.
“A strong American economy depends on a modern infrastructure built for the 21st century,” Congresswoman Walorski said. “State and local governments need cost-effective ways to revitalize our aging infrastructure and move America forward. This bipartisan bill will give them the tools and flexibility they need to leverage private dollars for the infrastructure projects most important to our communities.”
“Our country’s infrastructure is falling apart and we are quickly falling behind our global competitors,” Congressman Blumenauer said. “The Move America Act supports billions of dollars of investments in much-needed projects around the country to restore the safety and functionality of all sectors of infrastructure. We can’t afford to wait.”
The Move America Act of 2019 would create Move America Bonds to expand tax-exempt financing for public-private partnerships (P3s) and Move America Credits to leverage additional private equity investment at a lower cost for states. States will have the flexibility to choose which projects are most needed.
Qualifying projects include airports, ports, transit, freight and passenger rail, roads, bridges, flood projects, inland and coastal waterway improvements, wastewater and sewage facilities, and broadband infrastructure.
You can find text of the Move America Act of 2019 here.
Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.