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Bernie Sanders introduces $146b infrastructure bill
Investors - NOVEMBER 29, 2017

Bernie Sanders introduces $146b infrastructure bill

by Andrea Waitrovich

On Tuesday, former presidential candidate Senator Bernie Sanders introduced a massive bill in the U.S. Senate that would rebuild and modernize the infrastructures of the U.S. Virgin Islands and Puerto Rico, a measure costing $146 billion.

It’s titled “The Puerto Rico and U.S. Virgin Islands Equitable Rebuild Act of 2017.”

The bill’s total sum would be segmented into three main categories: $62 billion would be granted to the governments of Puerto Rico and the U.S. Virgin Islands to address their fiscal challenges; $51 billion for economic development and $27 billion for infrastructure projects, according to a summary of the bill, seen here. 

Democrats were expected to introduce a companion bill in the House of Representatives.

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