For Immediate ReleaseFebruary 17, 2012
WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) lauds the U.S. House of Representatives for passing the energy portion of H.R. 7, American Energy and Infrastructure Jobs Act of 2012. The energy provisions of H.R. 7, which will expand access to our nation’s oil and gas resources and devote expected revenues to pay for transportation infrastructure, passed last night by a 237-187 vote. The legislation also includes a provision to expedite the approval of the Keystone XL pipeline, which will create valuable American jobs and increase the nation’s energy supply.
“Harnessing our domestic energy resources will create an abundant and affordable supply of energy while supporting the creation of thousands of jobs. At the same time, rebuilding our nation’s transportation infrastructure is vital to our economic and national security, “AISI President and CEO Thomas J. Gibson said. “Coupled together with surface transportation legislation, this energy bill will expand our domestic energy supply and make possible the substantial investment that is critical to upgrading our dilapidated infrastructure system. It is imperative that Congress pass H.R. 7 before the March 31 deadline when the current transportation authorization expires.”
AISI serves as the voice of the North American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI also plays a lead role in the development and application of new steels and steelmaking technology. AISI is comprised of 25 member companies, including integrated and electric furnace steelmakers, and 124 associate members who are suppliers to or customers of the steel industry. AISI's member companies represent approximately 80 percent of both U.S. and North American steel capacity. For more news about steel and its applications, view AISI’s Web site at www.steel.org.
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