MSCI Calls On U.S. Senate To Adopt Permitting Reforms

Outdated and inefficient permitting processes have delayed critical infrastructure projects, driven up construction costs, and postponed community benefits like safer roads, better public transit, affordable energy, and high-speed internet access. That is why the Metals Service Center Institute (MSCI) recently joined with the U.S. Chamber of Commerce, local chambers of commerce, other trade associations, and business leaders to sign a letter to members of the U.S. Senate urging them to consider several pieces of legislation — already approved by the U.S. House of Representatives — that would change the federal permitting process for infrastructure projects.

The letter is available at this link. MSCI believes modernizing permitting systems will empower communities and businesses to invest in infrastructure that expands the economy, creates good-paying jobs, and improves quality of life. Infrastructure investment also will spur demand in the industrial metals sector.

“Across the country, communities and businesses are ready to invest in projects that will strengthen our economy and improve quality of life — from expanding broadband access and upgrading transportation networks, to building innovative energy facilities that will provide new sources of power to meet growing demand, and modernizing drinking water systems,” the letter said. “But too often, outdated and inefficient permitting processes stand in the way, delaying these investments and driving up costs. These delays not only increase the financial burden of construction due to inflation and rising material and labor costs, but also postpone the critical benefits that new and improved infrastructure brings to communities.”