WASHINGTON, D.C. – Philip K. Bell, president of the Steel Manufacturers Association (SMA), issued the following statement on the INVEST in America Act passed by the House Transportation and Infrastructure Committee.
“Providing an immediate boost to employment levels, robust, long-term infrastructure investment has the ability to make the U.S. more competitive in the decades ahead. SMA is pleased by the passage of the “INVEST in America Act” by the House Transportation and Infrastructure Committee,” said Bell.
Bell added, “our nation’s infrastructure should be built by Americans for Americans. We are encouraged that Congress and the administration continue to work towards a sufficient infrastructure program that is job centric and includes strong Buy American provisions that will ultimately help 21st Century steelmakers.”
It is estimated that a one trillion-dollar infrastructure plan could create one million new jobs. SMA urges Congress and the White House to develop an adequately funded, long term plan and to expeditiously pass a surface transportation bill that will support state DOT’s and spur steel demand.
About the SMA
SMA is the largest steel industry trade association in the United States and is the primary trade association representing North American EAF steel producers. EAF steelmakers account for almost 70 percent of domestic steelmaking capacity using an innovative, 21st century production process that is less energy-intensive and has lower carbon emissions than traditional steelmaking. SMA’s 24 producer members and associate members have operations in 43 states. For more information check out our website at www.steelnet.org or our Facebook page.