Infrastructure-Related Legislation Moves Through House
Disaster Funding - On May 10, the House passed a disaster aid package providing more than $17 billion in disaster aid funding, including provisions emphasizing resilient construction when rebuilding after a disaster. Negotiations in the Senate look hopeful after issues relating to the Harbor Maintenance Trust Fund were sidelined for future consideration.
Private Activity Bond Cap - A bipartisan group of legislators, lead by Rep. Earl Blumenauer (D-OR) and including NRMCA champions Reps. Henry Cuellar (D-TX) and Rodney Davis (R-IL), introduced legislation to raise the federal cap on private activity bonds from $15 billion to $20.8 billion, allowing for an additional $5.8 billion on public-private partnership infrastructure projects.
NFIP Extension - On May 14, the House voted to reauthorize the National Flood Insurance Program for an additional six months. NRMCA strongly supports legislation to reauthorize the program and was successful in including a provision in the reauthorization legislation that would require the use of resilient materials when rebuilding after a disaster.
Disaster Savings and Resilient Construction Act - NRMCA is working with Rep. Tom Reed’s (R-NY) office to find a Democratic lead sponsor for the legislation in the 116th Congress. The legislation was raised in testimony by Insurance Institute for Business and Home Safety (IBHS) CEO and President Roy Wright before the House Ways and Means Committee. NRMCA hopes to introduce the bill by early June.
For more information, contact Andrew Tyrrell at email@example.com.