President Obama has been very clear that we need to do more to improve our infrastructure in order to create jobs, provide certainty to states and communities, help American businesses, and grow our economy. With the GROW AMERICA Act we sent to Congress in May, we've presented a concrete, long-term proposal that would do just that and pay for it by closing unfair tax loopholes and making common-sense, pro-business tax reforms.
While we wait for Congress to take action, the President will continue to use all the tools at the Administration's disposal to protect our nation's long-term economic security where we can. And there is no question that America's transportation infrastructure is one area where we have both the need and the opportunity to make a significant and lasting impact.
That's why today, under a failed bridge on I-495 in Delaware, the President announced the Build America Investment Initiative to increase infrastructure investment and economic growth.
One part of that initiative that we're particularly proud of at DOT is the Build America Transportation Investment Center, our new one-stop shop for state and local governments, public and private developers, and investors seeking financing strategies for transportation infrastructure projects...