New Rule – Major Step Forward for Louisiana Recovery, Says Senator

Major Step Forward for Louisiana Recovery

U.S. Senator David Vitter (R-La.) made the following statement regarding the U.S. Treasury Department’s Interim Final Rule under the Resources and Ecosystem Sustainability, Tourist Opportunities, and Revived Economies of the Gulf Coast States (RESTORE) Act, which establishes grant programs for the Gulf States, including Louisiana, to receive funds for environmental restoration and economic development projects.

Vitter has been urging the Obama Administration to move forward with the RESTORE Act in a fair and transparent manner, ensuring that Louisiana who was hardest hit by the 2010 Deepwater Horizon oil spill is compensated appropriately. Vitter had also been pushing the Administration not to allow Pot 2 money to be utilized for economic projects. Treasury’s original draft would have allowed Pot 2 funds to be directed for economic projects rather than for purely coastal restoration projects, and Treasury appropriately withdrew the language in the final regulations.

Louisiana suffered the greatest impacts from the 2010 Deepwater Horizon oil spill, with devastating effects on our economy, communities, and major industries. Getting the money flowing is the first step toward revitalizing our economy and coastal ecosystems,” said Vitter. “I have worked for years pressing the Obama Administration to fairly distribute the recovery funds, and this final rule announcement is a major step forward for the recovery of Louisiana and the Gulf Coast States.”

Vitter was an original co-sponsor of the RESTORE Act, which dedicates at least 80 percent of the Clean Water Act (CWA) penalties paid by BP and other responsible parties to the Gulf States to restore coastal ecosystems and economies damaged by the Deepwater Horizon Oil Spill. Vitter shepherded the legislation through the EPW Committee where it passed unanimously in November 2011 and through the Senate in March 2012. As a leading Republican conferee on the Highway Bill and the only member from the Louisiana delegation involved in the negotiations, Vitter continued to make the enactment of the RESTORE Act a top priority by insisting that the language be included in the final version of the bill.

Earlier this year, Vitter along with U.S. Reps. Steve Scalise and Bill Cassidy pressed the Treasury Department to speed up the process developing and finalizing the regulations that will govern how the funds are disbursed to the states.

Last month Vitter testified before the U.S. Senate Committee on Commerce, Science, and Transportation’s Subcommittee on Oceans, Atmosphere, Fisheries and Coast Guard on issues surrounding the implementation of the RESTORE Act. Vitter highlighted his requests to have the Treasury Department and the Gulf Restoration Council make sure they correctly allocate the funds to the States that were impacted most.

Press Release, August 14, 2014

Share this article

Follow Dredging Today

Events>

<< Jul 2015 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

11th Annual Deepwater Intervention Forum

The 11th Annual Deepwater Intervention Forum is the platform for the Deepwater industry to learn about new subsea intervention technology…

read more >

2015 IEEE/OES Acoustics

The technical programme of RIO Acoustics 2015 encompasses the newest techniques and technologies to solve challenges in ocean engineering…

read more >

StormCon

Now entering its 14th year and serving a global audience StormCon is the premier event for stormwater pollution prevention and surface…

read more >

Coastal Engineering Asia

WHY YOU CANNOT MISS THIS EVENT

Join Trueventus Coastal Engineering Asia, a truly International platform presenting dynamic technical discussion on the present-day coastal engineering challenges. Topics namely on marine clay, dredge materials, flood mitigation and effective use of soil compression are of the many interesting topics presented.  Join us on this 2 days journey in defining coastal engineering well into the modern engineering history at the beautiful shores of Asia- Singapore!

KEY FEATURES OF THIS CONFERENCE

  • Hearing from the successful coastal projects
  • Gauging the key benefits of using soil compression method to strengthen soil
  • Mastering effective and cost-saving excavation and sediment disposal methods
  • Learning new innovations, techniques and technologies in marine structure engineering and construction
  • Exploring the advances in the field of design and construction of coastal structures

 More info

read more >

Jobs>

Senior Engineer

Gahagan & Bryant Associates, Inc. (GBA) is posting the following career opportunity in their Houston, TX and Baltimore, MD and Tampa, FL offices...

apply

Hydrographic Surveyor

Gahagan & Bryant Associates, Inc. (GBA) is posting the following career opportunity in their Houston, TX and Baltimore, MD and Tampa, FL offices....

apply