New Build America Bonds Proposal on Tap - WSJ.com

New Build America Bonds Proposal on Tap - WSJ.com: "Sen. Ron Wyden (D., Ore.) plans to introduce legislation that would create a Build America Bond-like program, but would limit overall issuance to $50 billion and restrict proceeds from the bond sales to transportation and infrastructure.

The five-year program, which would be called Transportation and Regional Infrastructure Projects, or TRIPs, is expected to have bipartisan support, according to Jennifer Hoelzer, Mr. Wyden's deputy chief of staff."