I fear that the bank will simply be a new GSE or something like it and we will face another Fannie and Freddie-type entity that will cost the taxpayers money down the road.
Editor's note · Context
Senator Shelby expresses concern about the risks of an Infrastructure Bank benefiting private investors at taxpayer expense.
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In a fiscal environment with 8.5 percent inflation, the Department's budget request equates to a cut to our national defense at a time of unprecedented security risks.
I am deeply concerned, however, that the administration's failure to direct the appropriate resources to the crisis at the southern border has resulted in shifting the burden to the Guard.
I ask unanimous consent that the order for the quorum call be rescinded. The PRESIDING OFFICER. Without objection, it is so ordered. The senior Senator from Alabama.
With inflation at the highest levels we've seen in 40 years, the request represents a cut from the 2022 level.





