James Oberstar: “The EU proposal is bad environmental policy and bad for American businesses.”

Well, it is to replace what has been destroyed. It's really just clarifying what is already available under OPA, but making it clear that the funds can be used for those resources that have been damaged so badly they can't be restored.

Using a National Infrastructure Bank to finance a large part of our infrastructure needs means we will be able to target Federal spending more efficiently.

We want to protect our waters. We want to protect our wetlands. We want to provide for future generations.

Yes, indeed I will say, first of all to compliment the gentleman from New Jersey on his leadership on the issue of vessel discharge. He has been a champion on this subject. We have heard his strong appeal, his reasoned approach to the…