Thursday, July 7, 2011


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.

Related posts and articles:
Bank Plan Would Help Build Bridges, Boost Jobs
Bi-Partisan Kerry, Hutchison, Warner BUILD Act Creates Jobs, Strengthens Competitiveness
Bill Watch - 112th Congress
The Build Act of 2011 Press Conference, Remarks by Thomas J. Donahue President and CEO, U.S. Chamber of Commerce
In Congress
Kerry, Hutchison, and Warner Introduce New Infrastructure Bank Act
Rebuilding National Infrastructure with the BUILD Act
Three Senators Unveil BUILD Act to Create National Infrastructure Bank

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