INTRODUCTION OF THE MOVE AMERICA ACT; Congressional Record Vol. 165, No. 39
(Extensions of Remarks - March 05, 2019)

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[Extensions of Remarks]
[Pages E244-E245]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                  INTRODUCTION OF THE MOVE AMERICA ACT

                                 ______
                                 

                          HON. EARL BLUMENAUER

                               of oregon

                    in the house of representatives

                         Tuesday, March 5, 2019

  Mr. BLUMENAUER. Madam Speaker, today I introduced the Move American 
Act of 2019. This bipartisan legislation will spur private investment 
in airports, ports, transit, freight and passenger rail, bridges, flood 
projects, inland and coastal waterway improvements, wastewater and 
sewage facilities, and broadband infrastructure.
  The Move America Act will bring billions of dollars of investment to 
state and local governments to help grow and repair America's aging 
infrastructure. The legislation creates Move America Bonds, which 
provides states the ability to issue tax-exempt bonds in partnership 
with private entities to expand infrastructure investment. The 
legislation also allows states to trade in some or all of their bond 
allocation for Move America Credits, which can be used to help finance 
individual projects, or be allocated to state infrastructure banks or 
infrastructure revolving funds. To be clear, this legislation is not a 
panacea to solve all of our infrastructure needs, we need more direct 
funding. The Move America Act is an important aspect of our strategy to 
rebuild and renew America. I look forward to working with my colleagues 
on both sides of the aisle to pass it into law.

[[Page E245]]

  

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