AEM Applauds Bipartisan House WRDA Passage
Association of Equipment Manufacturers (AEM) president Dennis Slater issued the following statement in support of the bipartisan Water Resources Development Act (WRDA), which passed in the U.S. House of Representatives today:
“Our nation’s harbors and inland waterways are vital to the success of the equipment manufacturing industry, the agriculture sector, and all sectors of the U.S. economy,” said Dennis Slater, president of AEM. “Today’s passage of this important bill by the House of Representatives takes Congress one step closer to providing the funds necessary to maintain and upgrade crucial water infrastructure projects that keep our economy moving. We strongly encourage lawmakers to continue to work together to pass infrastructure legislation that will help reclaim America’s infrastructure advantage.”
WRDA (H.R. 7575) will specifically allow for the appropriation of additional funds from the existing Harbor Maintenance Trust Fund Balance, authorizes construction on 34 pending Chief’s Reports projects, authorizes an additional 35 feasibility studies while working to expedite another 41 underway, modifies the cost share for inland waterways projects to 65 percent from the general treasury and 35 percent from the inland waterways trust fund from 50/50 until 2027 among other provisions. Nearly 80 percent of traded goods that Americans rely on is moved through our nation’s ports, harbors, and inland waterways according to the House Committee on Transportation and Infrastructure.
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 2.8 million jobs and contributes roughly $288 billion to the economy every year.