Walorski Examines Ways to Strengthen Nation’s Infrastructure
Ways and Means Committee Holds Hearing on Need to Revitalize Aging Infrastructure
WASHINGTON – U.S. Rep. Jackie Walorski (R-Ind.) today in a Ways and Means Committee hearing called for a focus on boosting financing to revitalize our nation’s infrastructure and addressing burdensome regulations that hinder infrastructure projects.
“I have one of the largest manufacturing districts in the country,” Congresswoman Walorski said. “We need to stop using budget gimmicks to keep the Highway Trust Fund afloat. We need to focus our energies on financing infrastructure projects with a sustainable funding stream while also addressing burdensome regulations and permitting requirements that run up costs and delay projects.”
Video of Walorski’s remarks at the hearing can be found here.
Earlier this week, Walorski introduced bipartisan legislation to bring billions of dollars of investment to state and local governments to help grow and repair America’s aging infrastructure.
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.
Walorski represents the 2nd Congressional District of Indiana, serving as a member of the House Ways and Means Committee.