HR 5361 and S3117 was introduced in May 2016 and currently has 11 House sponsors – 6 Republicans and 5 Democrats – 7 Members of the Ways and Means Committee.
The Joint Committee on Taxation scored our bill – a major feat.
The score is exceptionally low – $18M over 5 years and $48M over 10 years.
Capitol Hill Outreach
- Our advocacy to the Department of Treasury and the White House resulted in social infrastructure being included as an eligible sector under the proposed Financing America’s Infrastructure Renewal (FAIR) program in the President’s 2016 budget plan. (This program would provide direct loans to U.S. infrastructure projects developed through a public-private partnership (P3). The program seeks to reduce the financing cost gap between P3s and traditional procurement, which will level the playing field for P3s and encourage the public sector, including State and local governments, to evaluate the merits of P3s for a given project.)
- Submitted White Paper to the House Ways & Means and Senate Finance Committees’ Tax Reform Working Groups.Provided input and edits into The Partnership to Build America Act (H.R. 2084), which have been included in the Senate version of the bill (S. 1957).
- Successfully sent two different letters to Chairman Camp with 50 signatures endorsing the PBBC.
Met with the Joint Committee on Taxation (JCT) twice to present our proposed legislation and preliminary revenue score.
- Met with the offices of over 90 Senators and Congressman, and four officials in the Obama Administration.
- Met with 26 associations, 11 state and local government officials and 6 unions.
- Have over 70 public and private sector members and still growing every month.
- Working on organizing educational workshops for cities and states that are interested in furthering their understanding of PPPs and supporting the PBBC.
- Formed partnership with the T2 (Transportation Transformation) Coalition.
Conferences & Events
- In conjunction with the National Council for Public-Private Partnerships, we hosted two Public Building Summits (November 2014 and October 2015) attended by over 150 people.
- Held a Congressional Briefing through the High-Performance Building Congressional Caucus Coalition
- Organized a Mayoral Roundtable in Washington, D.C.
- Made presentations to the National League of Cities, the Council of Development Finance Associates, the Dallas P3Conferene and the Public Works Financing Breakfast Series on social infrastructure.
- Presented to the Illinois Chamber of Commerce.
- Presented to the Construction Industry Roundtable.
- Testified at the Senate Finance Committee’s Hearing on “New Routes for Funding and Financing Highways and Transit.”
- Participated in the House P3 Panel Event on public buildings, and submitted official recommendations
- Hosted the PBBC’s first Annual Golf Outing and Dinner in June, 2015.
- Hosted educational workshop for public sector officials in Georgia on September 24, 2015.
In the News
- InfraAmericas has published five articles on the PBBC since February 2013.
- Op-Ed published in ENR’s December 2012 Letters to Congress Issue.
- Article in Public Works Financing’s March 2013 Newsletter.