AMERICAN CEO Van Richey Testifies Before Congress

On Tuesday, Dec. 13, Van L. Richey, president and CEO of AMERICAN Cast Iron Pipe Co., testified before the Environment and Public Works Subcommittee on “Our Nation’s Water Infrastructure.” A video of the hearing is available online here.

Richey’s testimony begins at 87:50 and runs to 92:50. He then answers questions from subcommittee members on the impact of this issue and the needs of our industry to address it. Click here to download a transcript of his testimony.

In his testimony, Richey advocates for the reauthorization of state revolving funds to help provide federal funding for state and local water infrastructure. He also urges Congress to lift the volume cap on private activity bonds, which would inject billions of dollars of low-cost, private capital into infrastructure repairs, while shifting the economic risk away from cash-strapped municipalities and toward the private sector. These actions will improve water systems, foster economic growth, and preserve and create jobs, he said.