DeLauro Lauds President's Commitment to Infrastructure Investment

Washington, DC— Congresswoman Rosa DeLauro (CT-3) released the following statement today in response to President Obama's remarks this morning about a new Council of Economic Advisors and Department of Treasury report, "An Economic Analysis of Infrastructure Investment."

This report demonstrates how investment in our nation's infrastructure, including through a National Infrastructure Bank, will create jobs and spur economic growth. Congresswoman DeLauro has introduced legislation, the National Infrastructure Development Bank Act (H.R. 2521), which would establish a National Infrastructure Bank that would function as an independent entity leveraging private dollars to invest in transportation, environment, telecommunications, and energy projects.

The legislation enjoys broad bipartisan support from the American Society of Civil Engineers, Building and Construction Trades Department (AFL-CIO), Service Employees International Union, and the U.S. Chamber of Commerce, among others.

"As the President recognizes, infrastructure investment is critical to any national growth strategy that creates jobs and the kind of long-term economic growth that will allow us to remain competitive with other economic power centers around the globe. The President's plan to invest in our nation's infrastructure will do that—putting Americans back to work and literally laying the foundation for new jobs through new roads, bridges, and airports," said Congresswoman DeLauro. "This new report shows just how critical investment in our infrastructure is and I applaud the President's initiative, particularly his call for a National Infrastructure Bank. I look forward to working with the administration on my proposal, which would strengthen our nation's ability to invest in a wide range of infrastructure projects, and help American families today and in the future."