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  • (John) Kerry set to introduce bipartisan infrastructure bank bill

    03/14/2011 12:04:28 PM PDT · by maggief · 54 replies · 1+ views
    The Hill ^ | March 14, 2011 | By Vicki Needham
    Democratic Sen. John Kerry (Mass.) will introduce bipartisan legislation later this week to create a federal infrastructure bank to fund major projects around the nation, an aide told The Hill. Kerry has at least one Republican senator backing the initiative — the American Infrastructure Financing Authority — that will initially cost about $10 billion and provide loans and loan guarantees for large, much-needed infrastructure projects.