The big new federal infrastructure spending framework deal appears to include provisions for new or expanded infrastructure bond programs.
The administration of President Joseph Biden has negotiated the deal with a group of Democratic and Republican senators.
Financing sources for the new infrastructure investments will include public-private partnerships, private activity bonds and direct pay bonds, according to a summary released by White House officials.
White House officials gave no details about what the bonds might look like.
Biden administration officials say implementing the infrastructure proposal would fund power system upgrades, road and bridge repairs, the creation of an electric vehicle charging network, cybersecurity updates, an effort to connect all U.S. resident to high-speed internet, and new investments in Amtrak.
Life Insurers and Infrastructure
Any new bond programs created would be of keen interest to life insurers, because life insurers depend heavily on investments in bonds and other fixed-income instruments to support life insurance, annuity, disability insurance and long-term care insurance guarantees.
