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Supporters tell committee a national infrastructure bank could fund major projects without adding to deficit
Summary
A bipartisan panel and outside experts urged support for a resolution (H.3416) urging Congress to create a national infrastructure bank that would make long‑term off‑budget loans for large projects, spur job creation, and provide states financing for bridges, broadband, electrification and water infrastructure.
Representative Sena asked the committee to report favorably on H.3416, a resolution urging Congress to establish a national infrastructure bank. A panel of economists, former executives and technical advisers testified in support, describing how a federally chartered, off‑budget bank could provide long‑term financing for major projects and reduce pressure on annual appropriations.
Paneli…
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