FirstRail International Supports National Infrastructure Bank
March 2, 2021
FirstRail International, Ilc is pleased to support the establishment and development of the National Infrastructure Bank (NIB). This NIB is outlined within the Bill before the Congress — HR 6422. The timing is right, and the need is now to establish the National Infrastructure Bank. The bank will give the States and Local governments yet another tool to help us rebuild our transportation, communication and utility infrastructure. The uniqueness of the NIB Bill is that it creates no new debt but rather repurposes existing debt. Therefore, it requires no new federal spending and no new taxes.
Few will argue the need for infrastructure improvements. The question then becomes the best way to pay for these improvements? The NIB will bring private banking processes to the client, eliminating the bureaucratic time-consuming expensive grant processes now in place.
FirstRaiI International, llc strongly supports the NIB which I believe will improve the funding flow allowing the clients to improve and rebuild our infrastructure in a quicker more efficient manner.
Coalition for a National Infrastructure Bank
P.O. Box 1029
Leesburg, VA 20177
info@nibcoalition.com