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  • Sen. Kerry sees progress on his bill for an infrastructure bank (Lindsey Graham Alert)

    06/08/2011 7:40:01 PM PDT · by rabscuttle385 · 15 replies · 1+ views
    The Hill, Washington DC ^ | 2011-06-08 | Erik Wasson
    Sen. John Kerry (D-Mass.) is hopeful that his bill to create a National Infrastructure Bank will move through the Senate this year. The bill could be the best shot for those seeking to boost transportation, energy and water infrastructure investment in a Congress focused on “rapacious” spending cuts, Kerry said. The Kerry bill, co-sponsored by Sens. Mark Warner (D-Va.), Kay Bailey Hutchison (R-Texas) and Lindsey Graham (R-S.C.), would create an independent, nonprofit bank that would leverage private investment into infrastructure projects. The bill was introduced in March.