Today, Congressman Bill Cassidy, M.D. (R-LA) released the following statement on the passage of the House Transportation Bill.
"Today is a good day for Lousiana. The House of Representatives passed the Transportation Bill, which includes the RESTORE Act and the RAMP Act. The RESTORE Act allocates 80% of the fines from the BP oil spill to the states most affected - including Louisiana. This money, which could be up to $20 billion, will be critical in halting and reversing coastal erosion in Louisiana. The equally critical RAMP Act ensures that the money in the Harbor Maintenance Trust Fund actually goes to crtically needed harbor maintenance.
"Repairing our coast is a national issue that needs to be addressed by Congress. Coastal erosion poses a major threat to the petroleum, shipping and fisheries industries which our country depends on for transportation and energy needs. The RESTORE Act will ensure that important funding is available for the coastal restoration projects critical to Louisiana.
"Furthermore, the lack of money being spent to maintain our harbors and ports threatens our nation's ability to do business with the world. Every year our ports become less efficient, preventing jobs and dollars from being pumped into our economy. By ensuring that Harbor Trust Fund dollars go to dredging and maintenance, we will ensure the continued success of our ports and waterways."