Building America with foreign profits?
August 27, 2013
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