How to Finance the Future?! See below.
Mission
“The purpose for which the Corporation is formed is promote federal legislation to form a federal infrastructure bank or to otherwise support the financing of infrastructure in the United States and to unite in a common organization and promote the common business interests of businesses that would benefit from increased federal financial support for infrastructure development in the United States.”
THE ALLIANCE
Infra-Bk, LLC has established the Alliance for Financing U. S. Infrastructure, Inc. (the Alliance) as a 501c6 to receive contributions to lobby and carry on the campaign of persuasion to get The Federal Infrastructure Bank Act of 2023 H. R. 490 passed in Congress and signed by the President. Pat Cave is the President and CEO, George Schutzer, Partner at Squire Patton Boggs, is the Secretary, and William T. Nolan is the Chairman and Treasurer.
LEADERSHIP
Initially, the Alliance has four Directors, including: Curtis Wilkerson, Managing Partner at Orion Strategies; Jan Strode, CEO Advisors, LLC.; Joe Dillon, Sr. VP for External Affairs at Starr Companies; and William T. Nolan, President of Infra-Bk, LLC, the Federal Infrastructure Bank in formation. Starr Companies have made an initial contribution to establish the Alliance, and they fully support the Alliance for U. S. economic and national security reasons. Hank Greenberg, CEO of Starr, has sent a personal letter to 200 or so of his personal friends, contacts, clients, and business associates encouraging them to support the Alliance.
FUNDING
The funds contributed to the Alliance as a 501c6 will fund the lobbying and related efforts to secure passage of the Federal Infrastructure Bank Act of 2023 H. R. 490 and its Senate equivalent. As a 501c6, contributions to the Alliance will are considered a business expense, but only the portion of the expenses that are not lobbying will be tax deductible for Federal Income Tax purposes. We estimate the non-lobbying portion will be approximately 30% in this taxable year.
Federal Infrastructure Bank:
The Solution to America’s Infrastructure Crisis
The United States is in the midst of a major infrastructure crisis. Many of our bridges, tunnels, roads, railways, dams, airports and utilities are in a state of decay. The Federal Infrastructure Bank – a federally chartered bank, privately owned, privately managed and privately funded – has the solution to that crisis.
The founders of the Federal Infrastructure Bank plan to establish a trillion-dollar wholesale bank to invest in U.S. infrastructure. Modelled after the Federal Home Loan Bank (FHLB), which has been highly successful for 91 years and has over 1 trillion dollars in total assets, the Federal Infrastructure Bank can do for infrastructure what the FHLB has done for housing.
Infrastructure is the foundation of all economic activity. As it crumbles, our economy will crumble. Our infrastructure crisis should be considered a national security priority, especially as our major competitor China forges ahead with its Belt and Road Initiative, an infrastructure network that will enable the Chinese government to control world trade and global economic development, while the U.S. remains fiscally handicapped. We urgently need to address this problem, but existing American fiscal policy is not working.
There are ample funds worldwide willing to invest in U.S. infrastructure. As a private bank, The Federal Infrastructure Bank will provide a conduit to attract and access those funds, enabling the U.S. economy to regain its footing on the global playing field.
Legislation has been introduced in the U.S. House of Representatives to create the Federal Infrastructure Bank. The Lead Sponsors are Rep. Daniel Webster (R, FL-11) and Colin Allred (D, TX-32). Click here to read the bill, H.R. 490, and track its progress.
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