From Name:
From Email:
To Name:
To Email:

Optional Message:

Congressman Delaney introduces infrastructure bill

from Office of Congressman Delaney

On May 22, Congressman John K. Delaney (MD-6) introduced The Partnership to Build America Act (H.R. 2084). Featuring a bipartisan group of 13 Republican and 13 Democratic co-sponsors, the Partnership to Build America Act upgrades America’s aging infrastructure with no additional burden to taxpayers. The Partnership to Build America Act creates a $50 billion dollar infrastructure fund that can be leveraged to $750 billion. This fund will be capitalized by the sale of 50-year bonds that are not guaranteed by the Federal government and pay 1 percent interest rate. To encourage U.S. corporations to purchase these bonds, they will be allowed to repatriate a certain dollar amount – determined by auction - in overseas earnings tax-free for every $1 they invest in the bonds. The fund will then provide loans or loan guarantees to states and municipalities to finance transportation, energy, communications, water and education infrastructure projects. more

Powered by MultiBriefs
7701 Las Colinas Blvd., Ste. 800, Irving, TX 75063