News

Chamber lends support to infrastructure bill, extension of FAST Act

This week, your San Antonio Chamber of Commerce sent a letter to the Congressional Delegation in support of a Bipartisan Infrastructure Bill that includes an extension of the Fixing America’s Surface Transportation (FAST) Act.

The Chamber strongly believes investing in America’s infrastructure is essential to our nation’s economic recovery from this global pandemic. An infrastructure bill will help rebuild our nations crumbling infrastructure, will increase the flow of commerce on our roadways, cut red tape, speed up project delivery and most importantly create jobs. Furthermore, we cannot afford to allow the FAST to expire during these unprecedented times.

In the letter, the Chamber asked the delegation to consider including the following provisions in a meaningful Bipartisan Infrastructure Bill:

Transportation:

  • Federal highway funding beyond normal FY 2021 levels “as backstop” funding for state departments of transportations to address loss of gas tax revenue due the pandemic and eliminate donor state status for Texas.
  • Future federal formula funding for transit be available to all eligible agencies, without limiting regions that do not meet certain population thresholds.

Broadband & Digital Divide:

  • Federal funding to deploy broadband infrastructure in homes, schools, and libraries to help bridge the digital divide.

Water:

  • Providing appropriate funding to the U.S. Army Corps of Engineers (Civil Works) Construction account to carry out the backlog of authorized water resources development projects such as flood risk reduction, aquatic ecosystem restoration and navigation projects.
  • Providing appropriate funding authorizations for each the Clean Water and Drinking Water State Revolving Fund programs for fiscal years 2021 through 2025.

Energy:

  • Allowing for an election of direct payments of IRC Section 48 investment tax credits for qualified renewable energy property.
  • Reinstating the ability to issue advanced refunding bonds and action to protect current and future Build America Bonds (BAB) payments from being subject to sequestration.
  • Proposals to create comparable tax incentives to provide a more level playing field for public power utilities to directly invest in renewable energy projects.

Each of the provisions listed above would help rebuild San Antonio’s infrastructure and boost our local economy that has been adversely affected by the coronavirus. If you have any questions about the letter please contact Vice President of Public Policy, Stephanie Reyes by email sreyes@sachamber.com or by phone at 210 – 229 – 2162.

Want to become a member of the Chamber?