The BUILD Act

The BUILD Act is in the news again because it seems like it might be getting some traction in Congress, though some version of the bill has been knocking around since at least 2007. BUILD, which stands for Building and Upgrading Infrastructure for Long-Term Development, would create an infrastructure bank.

The BUIILD Act would create a board-managed bank to make loans and loan guarantees for large transportation, water, and energy infrastructure projects. In this case, large means an anticipated cost $100 million, or $25 million in rural areas. A loan would not exceed half of the project cost, i.e. $50 million.

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