Co-Chair Former Governor Ed Rendell Issues Statement
WASHINGTON, DC – On Tuesday, Senator John Kerry (D-MA) introduced a bill calling for the creation of the American Infrastructure Financing Authority, otherwise known as an American Infrastructure Bank with support from Senator Kay Bailey Hutchison (R-TX) and the U.S. Chamber of Commerce. Building America’s Future (BAF) has been a strong proponent of a similar investment structure as it will help finance critical infrastructure projects across the nation.
BAF Co-chair and former governor Ed Rendell said the following:
“I applaud Senator Kerry, Senator Hutchison, and the US Chamber for their collaboration in offering an innovative idea that will help address our nation’s vast infrastructure needs. The American people are looking for its national leaders to find common ground and provide funding to infrastructure projects that improve our economic competitiveness and enhance our quality of life. The proposed American Infrastructure Bank, if passed, will allow smarter, more cost-efficient, and transparent investments by leveraging private capital with public dollars through loans toward commercially viable infrastructure projects that are critical to America’s competitiveness. It’s a win-win for us all.”
Building America’s Future (www.BAFuture.org) is a bipartisan and national infrastructure coalition comprised of state and local elected officials dedicated to a renewed and reformed commitment to infrastructure. Co-chaired by Mayor Michael Bloomberg (I-NYC), former governors Arnold Schwarzenegger (R-CA) and Ed Rendell (D-PA), Building America’s Future is dedicated to smart infrastructure investments – in energy systems, roads and bridges, mass transit, water and sewer systems, rail, ports, airports, levees and dams, schools and housing – to enhance the quality of life and safety of our communities, create jobs and economic growth, and promote energy independence.