Rep. Bill Pascrell, Jr. (D-N.J.) will speak at an event next week to discuss several legislative proposals to address the U.S. EPA's estimated $450 to $650 billion investment gap in clean and drinking water infrastructure over the next twenty years.
Rep. Pascrell is the sponsor of H.R. 537, the Sustainable Water Infrastructure Investment Act of 2009, which proposes removing the state volume cap of tax-exempt private activity bonds (PAB), which are a used by state and municipal governments to partner with a private party to meet a public need. PABs are one of the most useful tools of the federal government in providing long-term, capital-intensive infrastructure projects. The cap exists in each state to allow Congress to control the total volume of the tax-exempt bonds.
Rep. Pascrell will be joined at the event by Sen. Ben Cardin (D-Md.), Rep Anna Eschoo (D-Calif.), several other stakeholders in the water infrastructure arena, and AGC's own chief economist, Ken Simonson. Speakers will focus on the projected water infrastructure needs, diversifying methods of financing, and the effect of investing in water infrastructure on jobs.
For more information, contact Perry Fowler at (703) 837-5321 or fowlerp@agc.org.
- Industry Priorities
- Education
- News
- Connect
- Benefits
- Events
- Shop