Major fashion and chemical companies are betting big on nascent technologies for clothes recycling, and some lawmakers are looking to help out — though big questions remain on whether textile recycling is even viable.
The bipartisan “Americas Act,” introduced earlier this year, would allocate more than $14 billion into textile recycling and reuse development.
The bill, introduced by Sens. Bill Cassidy (R-La.) and Michael Bennet (D-Colo.), would authorize $10 billion in preferential loans and $3 billion in grants, $1 billion in research and $100 million for a public education program.
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Reps. María Salazar (R-Fla.) and Adriano Espaillat (D-N.Y.) are leading the House companion.
