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February 15, 2010
Port Funding Critical to
the Corona Business Community
The Corona Chamber of Commerce has expressed its support
for H.R. 3447, due to its ability to positively impact
the future competitiveness and environmental soundness
of the Long Beach and Los Angeles Ports.
Introduced by Representative Laura Richardson (D-CA),
H.R. 3447 would alter the funding system for the Trust
Fund by taking the spending power out of the hands of
Congress. H.R. 3447 will allow the funding to be used
entirely and without delay by the U.S. Army Corps of
Engineers for dredging of America’s harbors; enhancing
the overall effectiveness of the port in order to handle
larger container ships. This will ultimately help to
reduce the price of moving goods in the future.
“H.R 3447 will ultimately reduce costs to the Corona
business community, when the larger container ships can
use the Ports,” stated Cynthia Schneider, Chair of the
Chamber’s Legislative Action Committee (LAC). “In lieu
of the challenging economic climate, this is exactly the
right time to put authority into the hands of those who
best understand market forces and therefore know what is
needed to strengthen the competitiveness of these
important drivers of economic activity,” continued
Schneider.
H.R. 3447 will revise current protocol in which funding
is subject to Congressional approval, a protocol that
has resulted in funding delays as well as the
reallocation of funds otherwise earmarked for the
dredging and maintaining of harbors and ports to
unrelated budget measures.
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