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Senator Proposes National Infrastructure Bank to Fund Road & Bridge Projects

A Republican senator proposed that Congress create a new bank to compensate for the deficit in federal infrastructure funding.

May 15, 2015

A Republican senator proposed that Congress create a new bank to compensate for the deficit in federal infrastructure funding, partly by using voluntarily repatriated corporate dollars to pay for road and bridge projects.

The Build USA Act is the latest effort to generate infrastructure funding without raising taxes. It would create an American Infrastructure Bank with a bipartisan board, including the U.S. transportation secretary.

According to Republican Senator Deb Fischer of Nebraska, who chairs the Senate Commerce Subcommittee on Surface Transportation, the proposed legislation could add up to $30 billion.

Source: Reuters

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