Bob Franks: “today, along with Representatives Jack Quinn, Paul McHale, and Marty Meehan, I will introduce legislation aimed at…”

“today, along with Representatives Jack Quinn, Paul McHale, and Marty Meehan, I will introduce legislation aimed at revitalizing America's industrial sector. Our bill encourages businesses to reclaim old, abandoned industrial sites known as Brownfields and redevelop them into sites of economic activity. The bill will help bring jobs and much needed revenue to blighted areas across the country. Our bill complements State Brownfields initiatives by removing existing Federal barriers that inhibit site cleanup and impose threats of liability on prospective buyers. Importantly, however, our bill does not compromise public health or environmental quality. Also, our legislation creates a Brownfields IRA which will serve as a key resource to businesses by allowing tax-free contributions of up to $5 million which can only be used for Brownfield site remediation costs. I urge Members to cosponsor this bill and help revitalize our country's urban industrial centers.”