Energy and Commerce; Transportation and Infrastructure; Financial Services; Ways and Means
Co-Sponsors: 61–61 Democrats
This bill leverages private sector dollars from institutional investors, such as pension funds, to supplement current funding for our nation’s infrastructure. It would provide loans and loan guarantees to projects and issue Public Benefit Bonds, with proceeds funding projects and making payments to help states and localities cover their bond interest payments. The National Infrastructure Bank would finance surface transportation projects, as well as energy, environmental, and telecommunications projects. The bank would consider each project’s economic and environmental impacts, social benefits, and costs objectively before selecting projects to finance.
(Summary provided by DeLauro office)
This bill addresses Green New Deal goals 2(A)p.7 to leverage funding to build resiliency against climate change-related disasters, 2(D)p.8 to upgrade power grids, 2(H)p.9 to remove emissions from the transportation sector as much as possible, 4(A)p.11 to provide assistance to state and local governments, and4(B)p.11 to ensure the federal government considers the impact of emissions in policy change.