Commentary

Congress Sets Hearing on National Infrastructure Bank

The U.S. House Ways & Means Committee’s Subcommittee on Select Revenue Measures is holding a hearing on whether the U.S. should create a national infrastructure bank. The hearing will start at 10 am on Thursday, May 13th in the Longworth House Office Building.

A bank has several potential advantages, but also could become a quagmire of political patronage if not structure properly. Bob Poole has discussed the bank previously noting the importance of making it politically independent and ensuring objective criteria are used to evaluate proposals, not wishful thinking on meeting social goals.

Among the experts giving testimony will be:

Samuel R. Staley, Ph.D. is a senior research fellow at Reason Foundation and managing director of the DeVoe L. Moore Center at Florida State University in Tallahassee where he teaches graduate and undergraduate courses in urban planning, regulation, and urban economics. Prior to joining Florida State, Staley was director of urban growth and land-use policy for Reason Foundation where he helped establish its urban policy program in 1997.