Washington, D.C., February 12, 2018 – SIFMA issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the infrastructure framework announced today:

“SIFMA supports the Administration’s commitment to infrastructure investment which will help spur job creation and economic growth. Today’s introduction of a comprehensive investment package is a significant step toward bringing our infrastructure into the 21st century.  SIFMA has long advocated for meaningful cooperation among public and private infrastructure developers and investors which would be enhanced under this plan through the expansion of private activity bonds. We also support leveraging the great work states and localities do in building and maintaining our infrastructure.  A partnership among federal, state and local governments and private investors will ease the burden on the cash-strapped federal government by leveraging our capital markets to create expanded financing options.”

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SIFMA is the voice of the U.S. securities industry. We represent the broker-dealers, banks and asset managers whose nearly 1 million employees provide access to the capital markets, raising over $2.5 trillion for businesses and municipalities in the U.S., serving clients with over $18.5 trillion in assets and managing more than $67 trillion in assets for individual and institutional clients including mutual funds and retirement plans. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.