Trade between the U.S. and Mexico has increased exponentially with California’s exports to Mexico have grown by 311 percent since 1993. Infrastructure to facilitate this trade has not kept up with this pace. The Chamber has long advocated for expanding the North American Development Bank (NADBank)’s role to pursue investments in international land port of entries, in addition to its current work in environmental infrastructure along the United States-Mexico border.
Legislation has been introduced in the Senate and the House which will accomplish this goal. The North American Development Bank Improvement Act of 2019 is authored by Senators John Cornyn (TX) and Dianne Feinstein (CA), and Representatives Henry Cuellar and Will Hurd (TX) ,
This bill can also help address the Tijuana River Valley transboundary pollution, through work the NADBank is already undertaking. To review full details of the House Bill 132 (Senate version is SB 267) please click here.
If you would like to sign on to a letter of support for the bill, please let us know.
The NADBank was created jointly by the U.S. and Mexican governments in 1993. For more information about the NADBank, please visit their website.