How would the BUILD Act work and could it?

07/7/2011 | MSNBC

More than one proposal for an infrastructure bank exists, but the BUILD Act, put forth by Sens. John Kerry, D-Mass., Mark Warner, D-Va., and Kay Hutchinson, R-Texas, has garnered the most interest. This piece explains how it would work, how it would leverage private investment and how projects would be approved. Proponents tout the advantages of such a bank, but opponents fear it would more closely resemble the failed mortgage companies Fannie Mae and Freddie Mac.

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