ABSTRACT

Harbor Maintenance Trust Fund and the Need to Invest in the Nation's Ports, Hearing Before the Committee on Environment and Public Works, United States Senate, One Hundred Thirteenth Congress, First Session, January 31, 2013   [open pdf - 4MB]

This is the January 31, 2013 hearing, "Harbor Maintenance Trust Fund and the Need to Invest in the Nation's Ports," Hearing Before the Committee on Environment and Public Works, United States Senate. From the opening statement of Barbara Boxer, "Today's hearing will examine the role of the Harbor Maintenance Trust Fund in supporting commerce at our Nation's ports. The Harbor Maintenance Trust Fund is the primary source of Federal investment to maintain America's ports. The Trust Fund is financed through a fee on the value of cargo imported through coastal and Great Lakes ports. According to the American Society of Civil Engineers, if funding continues at current levels, by 2040 the United States will face a shortfall of nearly $28 billion to meet the dredging needs of the Nation's ports. As we will hear from our witnesses today, this funding gap can have significant economic consequences. Increasing investment in ports and reforming the Harbor Maintenance Trust Fund will be critical components of the next Water Resources Development Act, known as WRDA. Senator Vitter and I have already begun working together on this vital legislation, which supports water resources infrastructure nationwide. WRDA authorizes the projects and programs of the U.S. Army Corps of Engineers and provides many benefits to the American people, including expanding and maintaining navigation routes for commerce." Statements, letters, and materials submitted for the record include those of the following: Joe-Ellen Darcy, Michael R. Christensen, James K. Lyons, Mike Lorino, and Andrew H. Cairns.

Report Number:
S. Hrg. 113-578; Senate Hearing 113-578
Publisher:
Date:
2015
Copyright:
Public Domain
Retrieved From:
Government Printing Office: http://www.gpo.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations