Most of our nation’s critical infrastructure is reaching the end of its useful lifespan. We must reduce the excessive regulatory burden and streamline the approval process for desperately needed projects. America’s convoluted permitting and review process takes upwards of 6 to 10 years. That’s three times as long as the same process in countries like Germany and Canada. Ten thousand page environmental assessments, duplicative lawsuits, and endless layers of redundant permitting requirements add years of delays and waste trillions of dollars.
- America’s infrastructure is rated a D+ overall by the American Society of Civil Engineers.
- Regulatory delays in modernizing our bridges, roads, power grids, ports, waterways, and public transit will cost the U.S. $3.7 trillion over the next 5 years – nearly $2 trillion more than what it would cost to modernize critical facilities.
- 73 percent of voters agree that updating America’s infrastructure is a ticket to spurring innovation, decreasing emissions, and creating jobs.
- Bipartisan efforts to reform a chaotic system filled with overlapping mandates are good for taxpayers, the environment, and businesses.
- American regulation needs to be leaner, faster, and smarter to support 21st century progress.