GOP chairman opposes Obama’s call for national infrastructure bank
The Republican chairman of the House Transportation and Infrastructure Committee said Thursday evening that he was opposed to President Obama’s call for a national infrastructure bank in his speech to a joint session of Congress on job creation.
Rep. John Mica (R-Fla.) said that he thought Congress should encourage individual states to create their own infrastructure banks, arguing as he has in the past that it would give them more flexibility to design transportation projects that fit their own needs.
“While the President reconfirmed that our highways are clogged and our skies are congested, his well delivered address provided only one specific recommendation for building our nation’s infrastructure,” Mica said in a statement. “Unfortunately, a National Infrastructure Bank run by Washington bureaucrats requiring Washington approval and Washington red tape is moving in the wrong direction. A better plan to improve infrastructure is to empower our states, 33 of which already have state infrastructure banks.” Read More
