National Infrastructure Bank

The Honorable
Senator Chuck Hagel
248 Russell Senate Office Building
The Capitol
Washington, DC 20510

The Honorable
Senator Chuck Hagel
248 Russell Senate Office Building
The Capitol
Washington, DC 20510

I write in support of S. 1926, your bill to establish the National Infrastructure Bank to provide funding for qualified infrastructure projects throughout the United States.

Your bill, which provides for the creation of a new and robust financing model for US infrastructure, is critical to the future of the United States for the following reasons:

1. Your bill will make the resources available for a necessary tripling of US infrastructure investment (from the currently level of roughly $150 billion to nearly $500 billion/annually) creating not only jobs and opportunities for small business owners, but creating a new competitiveness capacity for all of our citizens at a time of rapid globalization;

2.  S. 1926 will create a new and powerful channel for our citizens to invest in  the US future bonds that support the National Infrastructure Bank can be purchased by pension and other funds, and even middle class investors, who will be able to make sound investments in the future or our country;

3. Your bill is critical to our future prosperity not only because it creates the infrastructure necessary for high productivity, efficient operation and consistent creativity, but also because it will allow great US infrastructure firms to fully participate in the $1.5 trillion global infrastructure marketplace by designing and building those projects, and by pulling through cutting edge US equipment and technology, thus redefining our leadership in catalyzing progress throughout the globe.

Please know that you can count on my support for S. 1926, and let me know what we can do to ensure that your bill becomes law as soon as possible, and that the subsequent National Infrastructure Bank create the infrastructure
required to secure a great future for the next generation.