Infrastructure Bank is DOA in House, Mica Declares

Posted by Larry Ehl on Thursday, October 13th, 2011

Transportation Issues Daily

House Transportation Chair John Mica opened a hearing on an infrastructure bank by stating “I’m afraid that the national infrastructure bank is dead on arrival in the House.”

The lone witness in favor of creating a federal infrastructure bank, Marcia Hale, president of Building America’s Future, observed a federal infrastructure bank is

“the most effective way to leverage billions of private-sector dollars for infrastructure projects of national significance, including those that span state boundaries or encompass multiple modes of transportation.” She added the bank could be provided “with strict guidelines to ensure that the process is streamlined, transparent and based on merit.”

Four of the five witnesses testified in opposition to a federal infrastructure bank, with the common themes being it’s too expensive,  would takes too long to set up and add bureaucracy, and such investment decisions are better made at the state level.

Chairman Mica commented that:

“A more positive approach would be to build on the 33 existing state infrastructure banks which lack financial backing but are in place, can get projects selected and moving and put people to work on an expedited basis.”

Watch a video of the hearing, read the advance briefing memo for Committee Members, and read the prepared testimony of witnesses (scroll down).

Read the full version ( Infrastructure Bank is DOA in House, Mica Declares

Tags: , , ,

Comments are closed.

Follow InfraUSA on Twitter Facebook YouTube Flickr


Show us your infra! Show us your infra!

Video, stills and tales. Share images of the Infra in your community that demands attention. Post your ideas about national Infra issues. Go ahead. Show Us Your Infra!  Upload and instantly share your message.

Polls Polls

Is the administration moving fast enough on Infra issues? Are Americans prepared to pay more taxes for repairs? Should job creation be the guiding determination? Vote now!


What do the experts think? This is where the nation's public policy organizations, trade associations and think tanks weigh in with analysis on Infra issues. Tell them what you think.  Ask questions.  Share a different view.


The Infra Blog offers cutting edge perspective on a broad spectrum of Infra topics. Frequent updates and provocative posts highlight hot button topics -- essential ingredients of a national Infra dialogue.