Lawmakers urge creation of $750B infrastructure fund

06/28/2013 | Hill, The

A bipartisan group in the House is calling for the development of a $750 billion national infrastructure bank to pay for road and transit projects. The government would sell bonds, and corporations could buy them; in exchange, companies could repatriate some offshore earnings. This means the private sector would finance most of the bank. "This bipartisan legislation will generate millions of jobs and grow our economy by creating a $750 billion privately financed mechanism to rebuild our country's infrastructure at zero cost to the taxpayer," according to a letter from the lawmakers.

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Hill, The

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