Money in the Harbor Maintenance Trust Fund (HMTF) is meant to be used for harbor maintenance, but isn’t being used for this purpose. Over $9 billion are sitting idle in the HMTF; meanwhile, harbors across the country are poorly maintained and deteriorating. This bill would allow those funds to be finally put to their intended use by maintaining America’s harbors.
This bill is intentionally deceptive about its actual costs, which will in actuality far exceed the $0 CBO score. Not knowing this bill’s real cost, Congress shouldn’t enact it. Additionally, harbors shouldn’t rely on federal funds for maintenance and repair — instead they should assess fees on shippers to cover their maintenance and repair costs.