Rockefeller & Lautenberg Introduce Bill to Spark Infrastructure Investment, Job-Creation
WASHINGTON, D.C.—Chairman John D. (Jay) Rockefeller IV (D-W.Va.) and Senator Frank R. Lautenberg (D-N.J.) introduced legislation that would use federal investment in transportation infrastructure to create jobs and new opportunities for millions of Americans. The American Infrastructure Investment Fund Act of 2011 would start a $5 billion fund to drive private investment in transportation infrastructure by using a variety of tools, such as loans and loan guarantees, to provide eligible projects financial assistance, thereby incentivizing the private sector to do the same. Senator Lautenberg is Chairman of the Surface Transportation and Merchant Marine Infrastructure, Safety, and Security Subcommittee.