Last
Tuesday, Rep. Rosa DeLauro (D-Conn.) introduced a bill to create a
government-owned corporation that would finance infrastructure projects,
otherwise known as a national infrastructure bank (NIB). This would be a
federal entity responsible to Congress and the president. It would serve as an
artery through which private savings and investment is channeled to public
infrastructure projects such as roads, bridges, water and wastewater systems,
and others. This is not a new concept. In 2007, Sen. Chris Dodd (D-Conn.)
introduced the National Infrastructure Bank Act to establish a NIB. Then
in 2011, President Obama included a NIB in the American
Jobs Act but it was voted down in the Senate. Rep. DeLauro’s latest shot
at this concept comes hot off the heels of a report issued by the Center for American Progress called
“300 Million Engines of Growth.†One of its recommendations for improving US infrastructure
was the establishment of a NIB:…To Read More…..
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