WASHINGTON, D.C.—Chairman John D. (Jay) Rockefeller IV today issued this statement following President Obama’s joint address to Congress:
“I was glad to hear President Obama support investment in our transportation infrastructure to generate significant job opportunities for the American people. Investing in our transportation infrastructure would spark economic growth and create jobs. I have infrastructure investment legislation aimed at the same goals and look forward to working with my colleagues for bipartisan solutions.”
In May, Rockefeller introduced the American Infrastructure Investment Fund Act of 2011, a bill to 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. The bill awaits consideration by the Commerce Committee. More information can be found here.