Steel Institute Applauds House Passage of Water Resources Bill

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For Immediate Release
October 23, 2013

WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) today welcomed House passage of a $8 billion bill to increase funding for water resource infrastructure, including seaport harbor deepening projects and upgrades to river locks used by barges. The Water Resources, Reform and Development Act of 2013 (WRRDA), which passed by a vote of 417-3, is a “long-awaited, bipartisan accomplishment,” said Thomas J. Gibson, president and CEO of AISI, who recently sent the House Transportation and Infrastructure Committee a letter of support for the bill on behalf of the steel industry. The Senate passed its own water resources bill in July.

“Water infrastructure is critical to the steel industry, our nation’s business supply chain and to the economic competitiveness of our nation as a whole,” Gibson said. “Our industry relies heavily on seaports and inland waterways to move raw materials necessary for steelmaking, and to move finished steel products to market. This bill will help put Americans back to work by streamlining, consolidating, and eliminating duplication in the review of projects to help quickly deliver steel intensive projects. We applaud the House action today, and look forward to a swift compromise between the House and Senate bills to get these projects moving.”

Contact: Lisa Harrison
202.452.7115 / lharrison@steel.org

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AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 24 member companies, including integrated and electric furnace steelmakers, and approximately 125 associate members who are suppliers to or customers of the steel industry. AISI’s member companies represent over three quarters of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI’s website at www.steel.org.