OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Investing in A New Vision for the Environment and Surface Transportation in America Act

Floor Speech

Date: July 1, 2020
Location: Washington, DC
Issues: Infrastructure

BREAK IN TRANSCRIPT

Mrs. TORRES of California. Mr. Speaker, while the Moving Forward Act is not perfect, I am glad the bill includes my amendment, the American Infrastructure Opportunity Bonds Act.

This amendment would take advantage of times when interest rates are below the rate of inflation, making borrowing essentially free. The amendment would direct the Treasury to issue government bonds, in effect borrowing at these low interest rates. The amendment then directs the proceeds to the Highway Trust Fund to support infrastructure investment, creating jobs.

This amendment is a smart investment taking advantage of unique interest rates to fund infrastructure in a responsible way. During severe recessions, my amendment will provide crucial support for necessary infrastructure projects helping both those who build and those who rely on roads and public transportation.

Mr. Speaker, I urge its adoption.

BREAK IN TRANSCRIPT


Source
arrow_upward