WASHINGTON, D.C. (January 17, 2017) – Friday, U.S. Representative Rosa DeLauro (CT-3), along with 73 original co-sponsors, introduced the National Infrastructure Development Bank Act. The creation of a National Infrastructure Development Bank would serve to identify transportation, energy, and water infrastructure projects in need of funding and match private sector investments or money from local governments with loans made by the bank. Following Congresswomen DeLauro’s announcement, the BlueGreen Alliance released the following statement from Executive Director Kim Glas:
“We applaud the introduction of the National Infrastructure Development Bank Act today by Congresswoman Rosa DeLauro. A national infrastructure bank will help to hasten the repair and modernization of our nation’s infrastructure, which will not only keep our communities safer and healthier, it will also put Americans to work from coast-to-coast, reduce pollution and greenhouse gas emissions from inefficient and broken systems, and strengthen our national economy.
“Key provisions included in the Act—like Buy America and Davis-Bacon—will invest in our workforce and ensure that significant investments made in our infrastructure systems use domestically sourced, American-made products.
“We have long passed a tipping point, and are now seeing the disastrous consequences of the failure to invest in our nation’s most basic systems. Nowhere has that been more apparent than with the crisis in Flint, Michigan. Congress should act swiftly to pass this important legislation and get America to work building a safe, reliable, and globally competitive infrastructure system.”