National Infrastructure Bank
Sens. Rockefeller, Lautenberg Compete With Kerry’s Infrastructure Bank
In February, President Obama released his transportation plan, which included the launch of a national infrastructure bank. The next month, Sens. John Kerry (D-MA), Kay Bailey Hutchison (R-TX) and Mark Warner (D-VA) introduced a bill to create a similar bank, but with some key distinctions. And yesterday, Sens. Jay Rockefeller (D-WV) and Frank Lautenberg (D-NJ), leaders on the Commerce Committee, announced that they’re sponsoring legislation that would do nearly the same thing. So what’s the difference between all these different proposals?
May 12, 2011
Why (Much of) Obama’s Transpo Plan Can Survive the GOP Knife
Yesterday, anti-rail curmudgeon Ken Orski of Innovation Briefs quoted me in his latest diatribe against the administration’s transportation proposal, in which he explains why the Obama plan is unrealistic. Indeed, I think it’s safe to say the dollar amount of the administration’s bill is a non-starter in today’s political and economic climate, given that it’s about double what’s expected to come from the Highway Trust Fund over the next six years.
May 6, 2011
Kerry, Hutchison, and Warner Introduce New Infrastructure Bank Bill
Sen. John Kerry (D-MA), along with Sen. Kay Bailey Hutchison (R-TX) and Sen. Mark Warner (D-VA) just announced that they’re introducing the BUILD Act today, which would create a national infrastructure bank.
March 15, 2011
Would an Infrastructure Bank Have the Power to Reform Transportation?
Our report yesterday on transportation financing may have left you with a few more questions. We started with a look at TIFIA, which provides credit assistance for infrastructure projects. Many observers see the program as limited by its position inside the DOT and its opaque decision-making process.
December 7, 2010
Why Reformers Should Care How We Pay for Transportation
TIFIAs and TIGERs and NIBs -- oh my! The alphabet soup of infrastructure funding mechanisms can be alienating even to committed transportation advocates. But with the power of the gas tax diminishing and elected officials refusing to raise it, other financing options are taking on increasing importance. If you're interested in reforming our transportation system for the 21st Century, it pays to know the differences between them.
December 6, 2010
A National Infrastructure Bank: Can the U.S. Learn From Europe?
On Labor Day, President Barack Obama gave a speech in which he pushed for the creation of a National Infrastructure Bank. Legislation that would establish the bank was introduced over the summer in Senate Bill 1926, authored by Chris Dodd of Connecticut and Chuck Hagel of Nebraska. But the idea of an independent financing entity for large infrastructure projects originated in Europe. The European Investment Bank (EIB) was created in 1958 as part of the Treaty of Rome, which started Europe on the path towards economic integration.
October 8, 2010
Barbara Boxer Questions Need for Infrastructure Bank
California Democrat Barbara Boxer, chair of the Senate Committee on Environment and Public Works, expressed skepticism about one of the centerpieces of President Obama's infrastructure plan today. As she tries to stave off an election challenge from the right, Boxer seems reluctant to embrace the creation of a national infrastructure bank to finance transportation projects.
September 28, 2010
Will the Next Merit-Based Transpo Program Rock Harder Than TIGER?
Experts are still trying to make sense of President Obama's $50 billion plan for infrastructure spending, announced on Labor Day and later characterized as an upfront investment on a larger, multi-year transportation bill. More than a hundred people gathered at the Brookings Institution last Thursday looking to learn more about where the administration and Congress might go from here.
September 20, 2010
Specter of Gas Tax Lingers as Rendell, Villaraigosa Push Infrastructure Bank
Gov. Ed Rendell (D-PA) and Los Angeles Mayor Antonio Villaraigosa (D), two of the nation's best-known advocates for greater investment in the built environment, today joined several House Democrats in calling for federal action on a National Infrastructure Bank (NIB) -- even as questions about how the bank's scope, and Congress' resistance to raising sustained new transport funding, continued to dog the debate.
May 13, 2010
DeLauro Pushes Alternative to ‘Disappointing’ White House I-Fund
Rep. Rosa DeLauro (D-CT) today continued her push for a National Infrastructure Bank (NIB), lamenting the Obama administration's choice to pursue a $4 billion fund housed within the U.S. DOT rather than an independent entity focused on water, electricity, and other broader needs.
May 5, 2010