New Infrastructure Investment Corporation: Funding Roads, Bridges, and Telecom
This bill establishes a new government corporation to finance large infrastructure projects like roads, bridges, water systems, and telecommunications. The goal is to improve U.S. infrastructure, create jobs, and boost economic growth, especially where local funding is insufficient. Funding will come from loans provided by pension funds.
Key points
A new government corporation will be established to provide loans and loan guarantees for infrastructure projects, including transportation, energy, environment, and telecommunications.
The aim is to support projects beyond the financing capabilities of states and cities, improving quality of life and safety for citizens.
The Corporation will be funded by loans from pension funds, attracting supplemental capital for infrastructure development.
All projects will undergo detailed review and consultation with Congressional representatives, with ongoing monitoring and audits.
Status:
Expired
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