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senate Bill S. 2320

BUILD Act: $5.8 Billion in Bonds for Public-Private Transportation Infrastructure Projects

Argument in favor

This common sense, bipartisan bill would authorize more bonds that allow state and local governments to finance transportation infrastructure projects through public-private partnerships.

Gopin2020's Opinion
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01/27/2018
The infrastructure within the United States is in deplorable conditions and needs critical upgrades and rebuilding from the ground up and this is a vital first step in doing that. Our roads, electric grids, damns, bridges, levees and nuclear power grids have been neglected for far too long and must be upgraded.
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Robert's Opinion
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01/27/2018
This amount of Money is Probably a Fraction of What Michelle Obama 💰💰💰💰💰💰💰💰 Spent on her Top Shelf “Entitled Vacations” on the Tax Payer’s Backs...
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Nan's Opinion
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01/27/2018
Although I believe this is one of the main functions of government and why we all pay taxes, and this should not NEED to be an issue, we must improve our roadways. However, a stringent over sight outside of the Dept. Of Transportation needs to put in place to insure strict adherence to budget. In Wisconsin, substantial overages occurred, whuc should never be tolerated
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Argument opposed

The Dept. of Transportation shouldn’t be authorizing any bonds to finance public-private infrastructure projects at all. Taxpayers should foot the entire bill for our transportation infrastructure.

Terri9365's Opinion
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01/27/2018
This is garbage. 1st, give the corporations money via the tax cut. 2nd, have them loan it back to the people and get interest on their tax cuts savings. Nice scam.
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I.Got.an.Idea...'s Opinion
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01/27/2018
Private entities do not get involved in anything, unless there is a lot of money to be made. I am concerned with anything an unethical greedy republican puts out there, especially when they use the phrase “Common-sense”, which is an oxymoron, because conservatives are incapable of biologically possessing common-sense. Their use of “common-sense” appears to refer to some persons or entities making a lot of money, which is somewhat stolen from others, often the taxpayers. Question is ; What and how much money are the private interests going to win from this legislation? Does this legislation meet ethical standards or policies? I smell a giving away of America to private special interests.....
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Judith's Opinion
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01/27/2018
IF THE REPUBLICAN SENATE AND HOUSE CONTINUE TO ALLOW TRUMP TO RUN THE COUNTRY LIKE HE'S A LOOSE CANNON SINKING A SHIP IN HEAVY SEAS WE WON'T HAVE TO WORRY ABOUT UP GRADING OUR INFRASTRUCTURE. WE WILL HAVE TO REBUILD IT ENTIRELY ! FROM THE DESTRUCTION TRUMP'S COUP ATTEMPT THUS CIVIL WAR CREATE !!! RED ALERT !! RED ALERT !! RED ALERT !! HE IS WORKING TO TURN OUR MILITARY'S HEARTS AND MINDS AGAINST WE THE PEOPLE WITH HIS LIES !!! ALL HANDS ON DECK !! GET HIM OUT !! HE IS GROOMING THE HEARTS AND MINDS OF OUR MILITARY TO TURN THEM AGAINST WE THE PEOPLE OF THE UNITED STATES OF AMERICA !! GET HIM OUT AND STRIP ALL COMPLICIT OFFICIALS OF OFFICE AND CITIZENSHIP !! RED ALERT !! RED ALERT !! RED ALERT !!
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The house has not voted
  • The senate has not voted
      senate Committees
      Committee on Finance
    IntroducedJanuary 18th, 2018

What is Senate Bill S. 2320?

This bill — known as the BUILD Act — would aim to facilitate investment in transportation infrastructure projects by letting state and local governments enter into public-private partnerships to help finance them. It would increase the amount of tax-exempt Private Activity Bonds (PABs) that could be issued on behalf of state and local governments for highway and freight improvement projects by $5.8 billion. That would put the total amount of PABs that can be approved by the U.S. Dept. of Transportation (USDOT) at $20.8 billion, as less than $5 billion in PABs remain available under USDOT’s original authority.

The bill’s full title is the Building United States Infrastructure and Leveraging Development Act.

Impact

State & local governments financing highway and freight infrastructure projects with their private sector partners; and USDOT.

Cost of Senate Bill S. 2320

A CBO cost estimate is unavailable.

More Information

In-DepthSponsoring Sen. John Cornyn (R-TX) introduced this bill to facilitate additional investment in infrastructure projects by authorizing $5.8 billion more in Private Activity Bonds (PABs) that help state and local governments enter into public-private partnerships:

“This bill delivers on our collective desire to reinvest in America’s infrastructure, and expands one valuable tool in the toolbox. It will help the Administration finance additional highway and freight improvement projects through public-private partnerships, resulting in minimal cost to taxpayers with maximum impact on U.S. highways and freight corridors.”

Original cosponsor Sen. Mark Warner (D-VA) added:

“Private Activity Bonds have served as an engine for leveraging private investment in Virginia’s roads and bridges, helping to finance major projects such as the I-495 HOT lanes and other key infrastructure ventures. This legislation will allow for expanded use of this proven economic tool and, coupled with other programs such as a financing authority that would be created through passage of my BRIDGE Act (S. 1168), we can attract billions of dollars of additional investment that will help renew our nation’s infrastructure and keep us competitive in the global economy.”


Media:

Summary by Eric Revell

(Photo Credit: franckreporter / iStock)

AKA

BUILD Act

Official Title

A bill to amend the Internal Revenue Code of 1986 to increase the national limitation amount for qualified highway or surface freight transfer facility bonds.

    The infrastructure within the United States is in deplorable conditions and needs critical upgrades and rebuilding from the ground up and this is a vital first step in doing that. Our roads, electric grids, damns, bridges, levees and nuclear power grids have been neglected for far too long and must be upgraded.
    Like (79)
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    This is garbage. 1st, give the corporations money via the tax cut. 2nd, have them loan it back to the people and get interest on their tax cuts savings. Nice scam.
    Like (122)
    Follow
    Share
    Private entities do not get involved in anything, unless there is a lot of money to be made. I am concerned with anything an unethical greedy republican puts out there, especially when they use the phrase “Common-sense”, which is an oxymoron, because conservatives are incapable of biologically possessing common-sense. Their use of “common-sense” appears to refer to some persons or entities making a lot of money, which is somewhat stolen from others, often the taxpayers. Question is ; What and how much money are the private interests going to win from this legislation? Does this legislation meet ethical standards or policies? I smell a giving away of America to private special interests.....
    Like (76)
    Follow
    Share
    IF THE REPUBLICAN SENATE AND HOUSE CONTINUE TO ALLOW TRUMP TO RUN THE COUNTRY LIKE HE'S A LOOSE CANNON SINKING A SHIP IN HEAVY SEAS WE WON'T HAVE TO WORRY ABOUT UP GRADING OUR INFRASTRUCTURE. WE WILL HAVE TO REBUILD IT ENTIRELY ! FROM THE DESTRUCTION TRUMP'S COUP ATTEMPT THUS CIVIL WAR CREATE !!! RED ALERT !! RED ALERT !! RED ALERT !! HE IS WORKING TO TURN OUR MILITARY'S HEARTS AND MINDS AGAINST WE THE PEOPLE WITH HIS LIES !!! ALL HANDS ON DECK !! GET HIM OUT !! HE IS GROOMING THE HEARTS AND MINDS OF OUR MILITARY TO TURN THEM AGAINST WE THE PEOPLE OF THE UNITED STATES OF AMERICA !! GET HIM OUT AND STRIP ALL COMPLICIT OFFICIALS OF OFFICE AND CITIZENSHIP !! RED ALERT !! RED ALERT !! RED ALERT !!
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    This is just another massive transfer of public property and money into private corporations for the sole benefit of their investors at all of our expense.
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    As someone who lives near an ongoing disastrous privatized project with the interstate system, I say stop privatizing things that are this necessary for society.
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    Cut some of the extra 50 billion given to the military
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    This amount of Money is Probably a Fraction of What Michelle Obama 💰💰💰💰💰💰💰💰 Spent on her Top Shelf “Entitled Vacations” on the Tax Payer’s Backs...
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    I am highly in favor of rebuilding and modernizing our nations infrastructure, however I am against any form privatizing any public infrastructure and I doubt this bill will protect us from privatization. Additionally I support making our infrastructure environmentally friendly and I also doubt this bill will take that as a factor of consideration.
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    No, because this bill appears to charge the average taxpayer three times. First it uses federal tax dollars, then proceeds to obtain bonds from state and local governments for additional funding. I don’t know about everyone else, but I pay state and local taxes, as well as federal. Hence, the appearance of the feds triple dipping for funding. The republicans need to go back to the table, pass a balanced budget, and stop putting the taxpayers on the hook every time they want to appear giving. This is not giving, this bill is screwing over taxpayers for some better infrastructure. Find some different funding or take a pay cut!
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    Only if Trump has to sell bonds to build his wall. Why should we have a choice to fund infrastructure and not a worthless wall?
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    Every road or bridge built this way ends up with high tolls and when they start falling apart the company goes bankrupt, dumping the facility back on the State to repair
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    Let me get this straight..first we had the money and gave it to 1% and big corporations via a tax scam and now you want the big banks to get more money by loaning the people money with huge interest attached..yeah, sounds like republican logic!!!
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    Let’s not spend money on that dumb wall and put towards this
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    We shouldn't have cut taxes to begin with. This is privatizing our public infrastructure.
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    Let’s use the money they want for the wall.
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    We shouldn’t be engaging in public-private partnerships. Just reallocate funds from the already overinflated defense budget.
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    We no longer have the money. The Republicans gave it to their donors and the largest corporations.
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    No more debt. You know who will pay back these bonds? Taxpayers ten generations from now. How is the debt not taxation without representation? They're not here to vote against being taxed! Stop obligating them to pay for our lifestyle!
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    These ‘projects ‘ will all be money laundering schemes for trump cronies and oligarchs. Don’t allow it.
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