4th Recommendation -- about an Infrastructure Bank

The 4th recommendation is one I've discussed earlier this year. It's the creation of an infrastructure "bank" which will let Congress decide projects which need to be done and a way for private contractors to secure the project.

There are always going to be some projects government has to do by itself, but there are also many instances where it is most advantageous for government to merely push along certain projects by providing some extra financial gain or to provide some extra security from problems for private contractors. I have it in mind that government should use the "bank" to assist contractors with money for projects the government wants done, so long as the contractor(s) adhere to certain standards. For one, they should use union labor. They should be required to finish the job on schedule or face penalties. They should have to insure projects which are inherently more risky (such as bridges) for some time period.

There have been many people who have studied this idea, so I won't go into any more detail. Congress can rely on many experts on this topic.

The benefits of this plan are to get infrastructure projects done. These would be maintenance, repair, and new construction. It would employ people at good wages. It would provide work for construction firms.