Print Page   |   Contact Us   |   Sign In   |   Join NASSTRAC
Blog Home All Blogs
Search all posts for:   


View all (338) posts »

Senators Unveil Bill to Create Infrastructure Bank

Posted By Admin User, Tuesday, November 26, 2013

On Thursday, November 17, Senators Mark Warner (D-VA) and Roy Blunt (R-MO) introduced the Building and Renewing Infrastructure for Development and Growth in Employment (BRIDGE) Act (S. 1716) to create and fund a national infrastructure funding bank. As part of the legislation, an "infrastructure financing authority” with $10 billion in initial funding would be created. Cosponsors of the bill is include Sens. Lindsey Graham (R-SC), Kirsten Gillibrand (D-NY ) Dean Heller (R-NV), Chris Coons (D-DE), Amy Klobuchar (D-MN), Roger Wicker (R-MS), Claire McCaskill (D-MO) and Mark Kirk (R-IL). 


Similar Senate legislation was proposed in the last Congress that would have created an authority with $50 billion in funding. That bill failed when blocked by Republicans in the House who said that they preferred that states set up their own infrastructure banks. 

This post has not been tagged.

Permalink | Comments (0)
Membership Management Software Powered by®  ::  Legal