2018’s Proposed Infrastructure Bill Part 1
At Cotney Construction Law, we are committed to the construction industry. With all of our Naples construction lawyers having a background working a variety of jobs in the industry, we pride ourselves on possessing real-world experience and knowledge that allows us to provide our construction industry professional clientele with the right counsel for any of their legal needs. As Naples construction attorneys, we are also concerned with the future of the construction industry. Will there be sufficient government funding to provide necessary upgrades and repairs on our roads, bridges, railways, and tunnels?
In this three-part article, we will first discuss an exciting new proposal announced directly by the President of the United States in regards to increasing the country’s infrastructure budget. In the second section, we will discuss the current state of America’s infrastructure. In the final section, we will conclude our series.
The President’s Announced Infrastructure Plan
After promising a “national rebuilding” program in January of 2017, during the State of the Union address on January 30, 2018, President Donald Trump announced plans for a $1.5 trillion proposal aimed to “rebuild our crumbling infrastructure” over the next ten years. Only limited details are known about this significant new planned proposal; however, President Trump stressed that he was asking both the Republican and Democratic party to “come together to give us the safe, fast, reliable, and modern infrastructure our economy needs and our people deserve.”
Other Related Items
Along with the announcement of this massive proposed infrastructure bill, President Trump also stressed that in order to fund and facilitate this bill, it would rely on the partnering of “state and local governments and, where appropriate, tapping into private sector investment.” With this exciting new development that aims to vastly increase government spending on construction projects to improve America’s infrastructure, President Trump also challenged the current building permit approval system stating that the amount of time required for building permit approvals should be greatly reduced to as little two years. Although there has been a reported leaked document that outlines this infrastructure proposal, the specifics of this new proposal are expected to be presented within the upcoming weeks to Congress.
Disclaimer: The information contained in this article is for general educational information only. This information does not constitute legal advice, is not intended to constitute legal advice, nor should it be relied upon as legal advice for your specific factual pattern or situation.