Sen. Brown proposes infrastructure bank

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Sen. Brown proposes infrastructure bank

Cincinnati Enquirer – A day before President Barack Obama is set to lay out his job creation ideas, including the creation of a national infrastructure bank, in a speech before Congress, Ohio Sen. Sherrod Brown announced his own job creation proposal to create a national infrastructure bank.

Not that Brown is upstaging the president. Actually, he’s pre-promoting the idea, which was first proposed by former Sens. Christopher Dodd, D-Conn., and Chuck Hagel, R-Neb., in 2007.

Under Brown’s legislation, the bank would provide loans and loan guarantees for critical infrastructure projects of national and regional importance that create and protect jobs, increase economic competitiveness, bolster exports, and encourage private investment.

“It would mean necessary funding to compete the project ahead of schedule, create jobs, and protect public safety,” Brown said.

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