Mr. President, I am pleased that today we are about to enact S. 1134, the Economic Development Administration Reauthorization Act of 2004. This bipartisan bill, which I helped craft, will strengthen the agency's ability to assist…
Mr. President, I am pleased that today we are about to enact S. 1134, the Economic Development Administration Reauthorization Act of 2004. This bipartisan bill, which I helped craft, will strengthen the agency's ability to assist economically distressed communities in Vermont and across the Nation by providing approximately $1.3 billion in economic development grants over the next 5 years.
Since its establishment in 1965, the Economic Development Administration, EDA, has invested more than $18.4 billion in more than 52,000 projects in all 50 States and in U.S. territories. These EDA investments have been supplemented by approximately $8.3 billion in matching funds from investment partners and have leveraged approximately $90.6 billion in private sector investment. In total, these investments have created more than 2.9 million jobs and saved more than 830,000 jobs.
In Vermont, for example, EDA funds have been used to develop a business incubator in Randolph and will soon be used to provide high- speed Internet access to the states most rural region of Caledonia, Essex, Orleans, Lamoille, Franklin, and Grand Isle Counties. My goal with this legislation has been to increase the investment of EDA dollars
in Vermont, and 5 years from now I believe that will be demonstrated.
The bill we are considering today is slightly altered from the one that we passed out of the Environment and Public Works Committee last June. In an effort to speed eventual enactment into law, this substitute bill is not only supported by myself, Senator Inhofe, the Chairman of the Environment and Public Works Committee, Senators Bond and Reid, the Chairman and Ranking Member of the Environment Committee's Transportation and Infrastructure Subcommittee, but it is also supported by our House counterparts on the Transportation and Infrastructure Committee.
I am pleased we were able to increase funding for planning in this bill. EDA has an important role to play in supporting planning at the local level. EDA has an important role as well to encourage the leveraging of federal funds. However, there is language in this bill that ensures that rural and urban economically distressed areas are not adversely impacted by internal EDA leveraging goals.
Turning to brownfields, I am pleased this bill encourages EDA to promote the redevelopment of abandoned industrial facilities and brownfields. The economic and social benefits of brownfields redevelopment are well documented. For example, in June 2003, the U.S. Conference of Mayors estimated that brownfields redevelopment could generate more than 575,000 additional jobs and up to $1.9 billion annually in new tax revenues for cities. In addition, according to EPA, every acre of reused brownfields preserves an estimated 4.5 acres of unused open space. Estimates of the number of brownfields sites nationwide range from 450,000 to as many as a million.
This bill complements the 2002 Environmental Protection Agency brownfields cleanup law by encouraging EDA to make economic redevelopment of brownfields a priority. In other words, EPA's focus is to facilitate the environmental assessment and cleanup of abandoned sites, whereas EDA's role is to encourage the economic reuse of the property.
I agree with EDA Administrator David Sampson, who in response to a question from the EPW Committee, wrote, ``cleanup activities are most appropriately handled by state and federal environmental regulatory agencies with the background and technical expertise to address complex remediation issues.'' As such, I expect that EDA would only fund redevelopment projects at sites that have been certified as ``clean'' by EPA or the State environmental agency. In the rare circumstance that an EDA grant recipient discovers minimal contamination as part of a redevelopment project, this bill would require any remediation activities be conducted in compliance with all Federal, State, and local laws and standards. EDA grantees should obtain the prior written approval of EPA or the State environmental agency to ensure that the remediation is protective of human health and the environment.
Of course, EDA also must uphold the ``polluter pays'' principle by ensuring that Federal dollars are never given to the polluter to clean up contamination that they caused in the first place. Likewise, nothing in this bill in any way affects the liability of any party under Superfund, RCRA or any other federal or state law.
The final brownfields-related aspect of the bill requires a General Auditing Office study of EDA's brownfield grants. This study should provide valuable data on the extent to which EDA brownfield redevelopment grants involve remediation activities, the environmental standards applied and the role of Federal, State and local environmental agencies and public participation in the cleanup process. It is my hope that such information will enable future Congresses to revisit these issues to ensure more explicitly that any remediation performed is truly incidental to the larger economic redevelopment project and that cleanups performed using federal dollars are protective of human health and the environment.
In closing I praise the bipartisan member and staff effort that went into crafting this important bill. In particular, I acknowledge the work of Geoffrey Brown and Malcolm Woolf on my staff; Angie Giancarlo and Frank Fannon on Senator Inhofe's staff; David Montes on Senator Reid's staff; and Nick Karellas and Ellen Stein on Senator Bond's staff.
Mr. President, the Economic Development Administration Reauthorization Act of 2004, S. 1134, contains important provisions relating to the redevelopment of brownfields. As the ranking member of the Environment and Public Works Committee, I want to take the opportunity to explain these provisions. Before I begin, let me acknowledge the contributions of Senator Chafee, chair of the Superfund and Waste Management subcommittee, in developing these provisions and note that he supports my comments today.
S. 1134 encourages EDA to promote the redevelopment of abandoned industrial facilities and brownfields. The economic and social benefits of brownfields redevelopment are well documented. For example, in June 2003, the U.S. Conference of Mayors estimated that brownfields redevelopment could generate more than 575,000 additional jobs and up to $1.9 billion annually in new tax revenues for cities. In addition, according to EPA, every acre of reused brownfields preserves an estimated 4.5 acres of unused open space. Estimates of the number of brownfields sites nationwide range from 450,000 to as many as a million.
This bill complements the 2002 Environmental Protection Agency brownfields cleanup law by encouraging EDA to make economic redevelopment of brownfields a priority. In other words, EPA's focus is to facilitate the environmental assessment and cleanup of abandoned sites, whereas EDA's role is to encourage the economic reuse of the property.
I agree with EDA Administrator David Sampson, who in response to a question from the EPW Committee, wrote, ``cleanup activities are most appropriately handled by state and federal environmental regulatory agencies with the background and technical expertise to address complex remediation issues.'' As such, I expect that EDA would only fund redevelopment projects at sites that have been certified as ``clean'' by EPA or the State environmental agency. In the rare circumstance that an EDA grant recipient discovers minimal contamination as part of a redevelopment project, this bill would require any remediation activities be conducted in compliance with all Federal, State, and local laws and standards. EDA grantees should obtain the prior written approval of EPA or the State environmental agency to ensure that the remediation is protective of human health the environment.
Of course, EDA also must uphold the ``polluter pays'' principle by ensuring that Federal dollars are never given to the polluter to clean up contamination that they caused in the first place. Likewise, nothing in this bill in any way affects the liability of any party under Superfund, RCRA or any other Federal or State law.
The final brownfields-related aspect of the bill requires a General Auditing Office study of EDA's brownfield grants. This study should provide valuable data on the extent to which EDA brownfield redevelopment grants involve remediation activities, the environmental standards applied and the role of Federal, State and local environmental agencies and public participation in the cleanup process. It is my hope that such information will enable future Congresses to revisit these issues to ensure more explicitly that any remediation performed is truly incidental to the larger economic redevelopment project and that cleanups performed using Federal dollars are protective of human health and the environment.
In closing I would like to praise the bipartisan Member and staff work that went into crafting this important bill and urge swift passage by the other body.