Great Lakes shipping industry hopeful for dredging

Regulatory/Transport

Wednesday, February 06, 2013

Both the House and Senate are reviewing legislation that may help put an end to the Great Lakes region’s dredging crisis. The legislation, H.R. 335 and S. 218, would require the Harbor Maintenance Trust Fund (HMTF) to spend what it takes in each year explicitly on dredging needs. Currently, the HMTF spends only $1 of every $2 of the tax it collects for dredging on dredging. The HMTF surplus, now approaching $7 billion, is used to “mask the size of the fe...

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