Freshman Congressman Delaney Tackles Big Needs With Innovative Financing
Freshman Congressman John Delaney on Wednesday plans to roll out his signature legislative initiative for his first term — a plan for a national infrastructure bank that requires no federal appropriations.
The proposal is an innovative financing measure that relies on the sort of economic opportunities Delaney exploited when he founded two publicly-traded financial services firms that have helped make him one of the richest members of Congress. The bank will be used by state and federal governments to guarantee or loan funds for infrastructure projects.
The Democrat from Potomac insisted on having an equal number of Democratic and GOP co-sponsors.Read more
And who are going to be the stockholders of this Infrastructure Bank? The last thing we need is to give our infrastructure to foreign interests. They have already taken 98% of the dollar's purchasing power since the private Federal Reserve Bank was established.
And who are going to be the stockholders of this Infrastructure Bank? The last thing we need is to give our infrastructure to foreign interests. They have already taken 98% of the dollar's purchasing power since the private Federal Reserve Bank was established.
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