Bank On It
Earlier this year (see Client Report INFRASTRUCTURE7), we forecast that any Congressional action funding U.S. infrastructure would include a version of the public-private infrastructure bank that has figured in Democratic proposals since at least the Obama Administration (see FSM Report INFRASTRUCTURE5).  The Senate’s final bill (H.R. 3684) includes no such bank because Republicans opposed it and Democrats wanted a bipartisan measure.  The House comes back into session on August 23.  Whether it will first take up this bill or budget reconciliation remains to be seen.  Regardless, the infrastructure bank will be among the biggest Democratic proposals from which the Speaker must choose to determine how much of a bipartisan measure she too will accept.