On the recordMay 31, 2011
If you would yield, the infrastructure bank is a great idea, and it is one which allows us to build immediately. And over time, as those projects pay off, they repay the loans. It is a very, very wise investment to create an infrastructure bank. Other countries have it. And in the United States, there are certain localities and States that also have it. Another piece of legislation dealing with infrastructure actually is a bill that I put together that says, we spend a lot of money. It's part of the excise tax money that goes out to build highways, to pay for buses, trains, light rails and the like. And my bill is pretty simple. It's our tax money. Use that tax money to buy American-made equipment. Why would we send our tax money off to China to buy a Chinese bus? Hey, we make great buses. We make a great bus in the Bay Area. The GILLIG Corporation makes a bus that is a superb bus. And we need to spend our taxpayer money buying American-made buses, trains, light rails and the like. We're going to spend billions. Is the money going to be spent in America or is the money going to be spent overseas? My legislation says buy American-made equipment. Pretty simple. After all, it's our tax money. One of several bills--the infrastructure bank and this particular bill--in building the American infrastructure. I notice one of our colleagues here from the State of Hawaii.
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