Unlimited Access. Try it Today! Your First 10 Days Always $0.99

Topics

LIVE COVERAGE
U.S. House Committee on Transportation and Infrastructure
Delaney looks to infrastructure funding in first bill

Maryland's newest member of the House of Representatives introduced his first bill on Wednesday, a new infrastructure funding proposal that has won bipartisan support in an otherwise divided Congress. Rep. John Delaney, the Potomac Democrat who has represented Maryland's 6th Congressional District since January, is proposing to allow U.S. companies to repatriate a portion of their overseas cash, tax free, if those companies invest in a new bond program that would be used to pay for highways, energy projects, school buildings and other infrastructure. Delaney estimates the proposal would create a $50 billion infrastructure fund that could be leveraged into $750 billion in...

Loading

75°