We also cannot afford to delay. I believe the cost of meeting our infrastructure needs is great. But the cost of failing to meet them will be even greater. That is why I, along with my colleague Senator Hagel, have proposed creating a National Infrastructure Bank to help us meet these challenges. The Bank would mark the first federal effort to prioritize infrastructure projects across different modes of transportation and of water treatment. It would be the first federal program to rate these different infrastructure projects on the basis of merit and to invest in projects based on their merit. And by focusing on projects of regional and national significance, the Bank would help us meet some of the biggest challenges that we are confronted with. This proposal will not solve all of our problems, but we believe that it will go a long way in addressing many of the concerns that we will hear from our witnesses today and have heard at prior hearings.
I will continue to work with Senator Shelby and other members on the Committee to find common ground and I hope that we can and will be able to move this legislation forward. I do not know an exact timetable – you know we are very busy working on our legislation to address the housing crisis – but I do hope to move the bill through the Committee process in a timely fashion.
Read the entire text of Senator Dodd's comments here.
As Chairman of the Banking Committee, Senator Dodd is in a position to move this bill through to passage. Unless we the people stop him.
Contact Senator Dodd and tell him we do not want or need this unconstitutional and undemocratic legislation. You may contact him here.
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