More than 100 companies and national organizations called upon the Senate leadership today to take immediate action on S.1637, the "JOBS" bill. Organizations joining the letter represent every aspect of the American economy ranging from agriculture and manufacturing to home building and renewable technologies. The group emphasized that the bill's provisions encouraging investment in domestic energy supply and infrastructure are "critical to U.S. economic recovery."
The letter warned that failure to act would make U.S. energy problems worse. "With every month that passes without passage of energy tax legislation, the energy industry faces continuing uncertainty and disincentives to investing in areas such as renewable energy, energy efficiency and new technologies."
With regard to both the underlying legislation designed to end European Union sanctions against American exporters and the incentives to spur new investment in energy production and infrastructure that have been added to the bill, the organizations continued, "We urge the leadership and members to work together cooperatively to expedite this process. Failure to pass this legislation is already having serious negative consequences for the American economy."
Senate Majority Leader Bill Frist has announced that S. 1637 will be the Senate's first order of business on its return on Monday, May 3. Senator Daschle also has expressed his support for completing action on this legislation, and the bill's energy provisions enjoy broad bipartisan support. In recent weeks, S. 1637 has been delayed as a result of a large number of amendments that have been offered to the underlying bill. While recognizing that a number of Senators in both parties want to offer amendments, the letter urged leadership and members on both sides of the aisle to "work cooperatively to expedite this process."
More than 100 organizations and companies signed the letter, including more than 20 national associations. The collection of national associations signed onto the letter represents both renewable and traditional energy sectors, as well as state and local government organizations and utility regulators.