Politico Reporter Tweets That Senate Will Take Up Infrastructure Bank Bill
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A National Infrastructure Bank By Any Other Name …
By Elana Schor |
The House transportation committee’s new $450 billion bill provides for a national infrastructure bank intended to "maximize the limited resources available for our surface transportation needs," as the panel’s early outline puts it. (Photo: National Association of Water Cos.) This sounds a lot like the infrastructure bank proposed by Rep. Rosa DeLauro (D-CT) and 35 […]
Infrastructure Bank Plan Gaining Attention And Momentum
By Elana Schor |
In today’s New York Times, columnist Bob Herbert spotlights the congressional proposal for a National Infrastructure Development Bank that would issue bonds, make loans and create securities to help finance needed rebuilding projects around the country. As Herbert put it: Rep. Rosa DeLauro (D-CT) (Photo: America2050 via Flickr) [T]here was a development in Congress last […]
Obama Administration’s Transportation Goals: Read Them Here
By Elana Schor |
When the Obama administration proposed an 18-month delay in drafting the next federal transportation bill, U.S. DOT chief Ray LaHood called for Congress to include "critical reforms" alongside the extension of the existing law. But details on those reforms have been kept under wraps — until today. Transportation Secretary Ray LaHood, with his boss at […]
Does the Elusive Infrastructure Bank Already Exist?
By Tanya Snyder |
Last week, three Washington heavy-hitters brought a new contribution to the debate over a national infrastructure bank: They said we already have one. Mark Alderman of the Obama-Biden transition team, former U.S. Senator Evan Bayh, and Howard Schweitzer, former vice president of the Export-Import Bank co-wrote an op-ed for the Washington Post saying that the […]
White House Tells Senate: Grants No Substitute For Infrastructure Bank
By Elana Schor |
The White House has reiterated its commitment to a national infrastructure bank (NIB), urging the Senate to reconsider a 2010 transportation spending bill that would "substitute in its place" $1.1 billion in grants. Patty Murray (D-WA) heads the Senate panel in charge of U.S. DOT spending. (Photo: Seattle Times) In a statement of policy on […]
Why Create an Infrastructure Bank When We Could Just Expand TIFIA?
By Tanya Snyder |
There’s been a lot of adulation heaped upon the TIFIA loan program lately. Both houses of Congress are ready to increase funding for the program nine times over, from $100 million to $1 billion a year – despite warnings from outside groups that there may not be enough eligible projects to use up all that […]