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Sens Rockefeller, Lautenberg Introduce American Infrastructure Investment Fund Act of 2011
Submitted: May 11, 2011 - 2:49pm
Originally published: May 11, 2011
Last updated: May 11, 2011 - 2:50pm
Originally published: May 11, 2011
Last updated: May 11, 2011 - 2:50pm
Source:
US Senate Commerce Committee
Author:
press release
Location:
Capitol Building, East Capitol Street, NE and 1st Street, NE, Washington, DC, United States
Sens Jay Rockefeller (D-WV and Frank Lautenberg (D-NJ) introduced legislation that would use federal investment in transportation infrastructure to create jobs and new opportunities for millions of Americans. The American Infrastructure Investment Fund Act of 2011 would start a $5 billion fund to drive private investment in transportation infrastructure by using a variety of tools, such as loans and loan guarantees, to provide eligible projects financial assistance, thereby incentivizing the private sector to do the same.
Senator Lautenberg is Chairman of the Surface Transportation and Merchant Marine Infrastructure, Safety, and Security Subcommittee.
The bill defines the fund so that it can broaden its investment portfolio into other types of infrastructure projects, such as telecommunications, energy, and water projects in the future.
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