Building America with foreign profits?

By Jim Hegarty, PE

I’m always on the lookout for ways to help our clients secure financing for their projects, and the other day I saw an interesting proposal put forth by 39 Congressmen to create the American Infrastructure Fund (AIF). The fund would provide low-cost financing or loan guarantees to construct, maintain, improve, or repair a transportation, energy, water, communications, or educational facility. John Delaney of Maryland introduced HR 2084, which allows corporations to repatriate a portion of their overseas earnings if they invest in AIF bonds. By selling $50 billion in AIF bonds, Delaney claims the AIF can leverage $750 billion in projects without using a dime of Federal money.

You can read more about this proposal at Congressman Delaney’s website: http://delaney.house.gov/information-on-congressman-delaneys-infrastructure-bill

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