House Committee Approves Increased Funding for Waterways

first_imgThe House Appropriations Committee on Wednesday passed the fiscal year 2019 Energy & Water Appropriations bill with significant increases for waterways infrastructure.The Energy & Water Appropriations bill provides annual funding for the U.S. Army Corps of Engineers, including the Inland Waterways programs that are priorities for the American Soybean Association (ASA).The House committee approved bill provides overall funding for the Corps of Engineers at $7.3 billion, an increase of $451 million above the FY2018 enacted level. The bill calls for full-use of estimated annual revenues from the Inland Waterways Trust Fund (IWTF) and includes $1.6 billion in funding for the Harbor Maintenance Trust Fund (HMTF). The Corps’ Operations & Maintenance (O&M) account received a record-level of $3.8 billion, which is $200 million more than the FY18 enacted level.The next step for the bill is consideration by the full House, which has not yet been scheduled.last_img

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