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Dave McCormick: “A McKinsey study found $1.5 trillion in critical…”

Featuring: Dave McCormick, Republican | U.S. Senate, Pennsylvania

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Senator McCormick Delivers Remarks on Permitting Reform

Published | Video Starts at 01:26

And an obstacle is exactly what our permitting system is today. It's what it's become. A McKinsey study found $1.5 trillion in critical infrastructure is frozen in permitting limbo, holding back $2.4 trillion in economic activity. It takes five years. Five years to get a permit for a power plant. That's longer than it took us to win World War II. Transmission lines take nearly eight years. (01:26–01:41)

CLAIM

Asserts that $1.5 trillion in infrastructure is stalled, affecting $2.4 trillion in economic activity.

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