The American people do not want more Gov bureaucracy and Gov waist. This Act will create a Government-owned, and managed institution that would provide credit support and investment decisions. The Gov. does not need to be in the business of picking investment opportunities.
SEC. 245. ESTABLISHMENT AND GENERAL AUTHORITY OF AIFA.
(a) Establishment of AIFA- The American Infrastructure Financing Authority is established as a wholly owned Government corporation.
(b) General Authority of AIFA- AIFA shall provide direct loans and loan guarantees to facilitate infrastructure projects that are both economically viable and of regional or national significance, and shall have such other authority, as provided in this Act