"The president-elect offers his spin on permitting reform as Congress debates legislation."
"President-elect Donald Trump said Tuesday he planned to expedite federal regulatory approvals, including all environmental permits, for any company or individual proposing to invest $1 billion or more in a construction project.
“Any person or company investing ONE BILLION DOLLARS, OR MORE, in the United States of America, will receive fully expedited approvals and permits, including, but in no way limited to, all Environmental approvals,” Trump wrote Tuesday afternoon on Truth Social. “GET READY TO ROCK!!!”
The announcement on Trump’s own social network comes as lawmakers in Congress are working to pass a bipartisan bill aimed at easing federal permitting requirements, a step widely seen as necessary to hasten building of upgrades in roads, bridges and energy systems as aging infrastructure heaves under pressure from increasingly extreme weather and a growing population.
During the first half of his term, President Joe Biden signed into law three landmark bills aimed at modernizing U.S. infrastructure. That includes the hundreds of billions of dollars earmarked in the Inflation Reduction Act for clean energy projects, marking arguably the largest government investment into meeting demand for fossil fuels with lower-carbon alternatives outside of China. "
Alexander C. Kaufman reports for HuffPost December 10, 2024.
SEE ALSO:
"Trump Offers Expedited Environmental Approvals To Companies Investing $1B in US" (The Hill)
"Making a $1B Investment In The US? Trump Pledges Expedited Permits — But There Are Hurdles" (AP)
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