Infrastructure Improvement = Opportunity for More Trade
On December 8, 2016, the Water Infrastructure Improvements for the Nation Act or WIIN passed the House of Representatives. There was strong bipartisan support with the final vote 360 yes and 61 no. Following the House vote, the Senate passed the bill on December 10, 2016
WIIN has been created with the goal of building and improving infrastructure related to trade and water resources. Also included in this act is the Water Resources Development Act of 2016 which passed the House of Representatives in September. Among other things, these acts address American harbors, dams, locks and flood control systems which are vital to US economic and trade growth.
Harbor maintenance programs are of particular interest with regards to trade. In recent years, barely half of the funds available in the “harbor maintenance trust” fund was being utilized in ports. The surplus was unfortunately being used in other federal programs leading to shortfalls in maintenance of US ports. The WIIN Act provides a path to work towards eliminating the surplus and ensuring that full funding is diverted back to its intended use by 2025.
Harbor projects are paramount to the continued competitiveness of the US in trading with the rest of the world. Improved harbors will allow larger ships to call US ports which will improve efficiencies of the supply chains and strengthen the trade community. Questions, contact JAS USA Inc. Compliance!
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