Washington, DC, June 3, 2020 – Railway Supply Institute (RSI) President Mike O’Malley released the following statement in response to today’s introduction of the INVEST in America Act:
“As railway suppliers continue to face the impacts of the COVID-19 pandemic, robust Federal investment in rail transportation is critically needed to preserve the 125,000 jobs supported by the railway supply industry and to sustain critical supply chains that serve passenger, rail transit, and freight railroads.
“This legislation will provide over $60 billion in much-needed funding to support substantive improvements to rail infrastructure across the country, including $29 billion for Amtrak and $19 billion for passenger rail improvement, modernization, and expansion projects. We also commend inclusion of strong funding levels for federal transit and grade crossing safety programs. These investments will enhance safety for millions of passengers, preserve thousands of jobs, and support our domestic supply chain at this critical time.
“RSI is also pleased with the commitment to Buy America enforcement in this bill, which will close loopholes and add incentives to boost American jobs while streamlining compliance and leveling the playing field for U.S. manufacturers. We look forward to working with House leaders on both sides of the aisle on this bill and urge swift action so that our country can begin to recover.”
About the Railway Supply Institute (RSI)
The Railway Supply Institute (RSI) is the largest and only trade association that represents the full supply chain for the railroad system. RSI acts on behalf of the smallest to the largest suppliers to North American freight and passenger railroads. Industry segments include the mechanical, rolling stock, communications and signaling, maintenance of way, and passenger industries. For more information visit www.rsiweb.org, follow RSI on Twitter and LinkedIn