Rock Products

APR 2018

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www.rockproducts.com ROCK products • April 2018 • 13 IN THE KNOW Cabinet Secretaries Address Infrastructure Five Cabinet secretaries on March 13 faced questions from the U.S. Senate on the administration's principles of infra- structure investment, testifying before the Commerce, Science and Transporta- tion Committee, reported the National Stone, Sand and Gravel Association. Transportation Secretary Elaine Chao, Commerce Secretary Wilbur Ross, Labor Secretary Alexander Acosta, Agriculture Secretary Sonny Perdue and Energy Secretary Rick Perry discussed how they would like to see Congress create a bipartisan infrastructure bill based on the administration's four principles. •  Stimulate at least $1.5 trillion in infra- structure spending with $200 billion from the federal government. • Shorten the permitting process. • Invest in rural infrastructure. •  Improve training to attract qualified workers. Chairman John Thune (R-S.D.) said that Congress should be in favor of a bipartisan bill that funds infrastructure investment. "Both sides want to invest and modernize our infrastructure," he said. "Both sides should come together on this and make it happen this year." Senators were reminded by the Cabi- net members that the administration is looking to Congress to write an infra- structure bill and coalesce around ways to pay for it. Without discussing specific funding ideas, the secretaries empha- sized that streamlining the permitting process would result in reduced infra- structure costs. "Streamlining the permitting process has all sorts of benefits. It can spring out more projects that would be avail- able for the private sector to fund and finance. There are common-sensical ways [to lower costs] in avoiding dupli- cation, doing concurrent rather than sequential permitting, getting rid of duplicative permitting, allowing sister agencies to talk with one another and share information," Chao said. Chao said that some estimates put the country's infrastructure needs at $4 tril- lion. "We cannot address a challenge of this magnitude with federal resources alone or by borrowing," she said. "That approach will crowd out the capital markets, hinder economic growth and job creation. The president's plan allows the private sector to help in the building of our infrastructure." The secretary did not discuss ways to pay for the infrastructure needs and did not address shoring up the Highway Trust Fund. Acosta highlighted the fact that several industries, including aggregates, saw the highest month-to-month employ- ment growth rate since 1998. ROLLER CHAINS • ENGINEERING CLASS CHAINS • BACKSTOPS • SPROCKETS • CABLE & HOSE CARRIERS • POWER TRANSMISSION PRODUCTS U S T S U B A K I . C O M Total Package WHY RISK GOING WITH ANY OTHER BRAND? Stack the deck in your favor by choosing Tsubaki chains, sprockets and backstops. U.S. Tsubaki's portfolio of Mining products will provide the reliability and durability required to keep your operation running at its best, even in the harshest conditions. U.S. Tsubaki's leading service and engineering support will design the right solutions for your application, minimizing downtime and saving you money. So be an ACE and go ALL IN with Tsubaki! DEAL YOURSELF A WINNING HAND © 2016 U.S. Tsubaki Power Transmission, LLC All Rights Reserved.

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