The Senate Banking Committee held hearings Tuesday on Capitol Hill aimed at improving the nation’s infrastructure while creating jobs. A centerpiece of the discussion was Sen. Chris Dodd’s (D-CT) proposal for the creation of a National Infrastructure Bank to fund improvement project on roads, bridges, transit and water systems.
Dodd originally introduced the National Infrastructure Bank Act in 2007 with Senator Chuck Hagel (R-NE). To highlight his point, he noted that hours after the bill’s introduction, the I-35W Mississippi River bridge in Minneapolis collapsed, killing 13 motorists and construction workers and injuring 145. He also noted that June 28 marked the 27thanniversary of the Mianus River Bridge collapse, which killed three in Greenwich, Conn. in 1983.