WASHINGTON – Senate Banking Committee Chairman Chris Dodd (D-CT) announced the Committee will hold a hearing at 10:00 A.M. on Tuesday, September 21st on the need to invest in the nation’s infrastructure.   At the hearing Chairman Dodd will explore the benefits of creating a National Infrastructure Bank that would fund critical national and regional projects to upgrade infrastructure such as roads, bridges, transit and water systems across the United States.

 

“A significant investment in our ailing national infrastructure will create jobs, boost long-term economic growth, and improve safety,” said Dodd.  “With a National Infrastructure Bank we could leverage state, local, and private funds to ensure our infrastructure systems are equipped to meet the demands of the 21st Century.”

 

Dodd originally introduced the National Infrastructure Bank Act in 2007 with then-Senator Chuck Hagel (R-NE). Hours after the bill’s introduction, the I-35W Mississippi River bridge in Minneapolis, Minnesota, suddenly collapsed, killing 13 motorists and construction workers and injuring 145. June 28th marked the 27th anniversary of the tragic Mianus River Bridge collapse, which killed three in Greenwich, Connecticut in 1983.

 

Room 538, Dirksen Senate Office Building

CONTACT:              Sean Oblack/Sam Gilford, 202-224-7391

 

 

All hearings are webcast live at: http://banking.senate.gov.

Testimony and archived videos will be posted at: http://banking.senate.gov/public/index.cfm?FuseAction=Hearings.Home.