Build America Bonds Act of 2005

The Build America Bonds Act of 2005 proposes the creation of a new national nonprofit entity, the Transportation Finance Corporation, authorized to issue federal bonds to fund large-scale infrastructure projects. These bonds would provide tax credits to investors instead of traditional interest payments, incentivizing private investment to help finance major highway improvements, public transportation systems, and freight corridors. For the average citizen, this legislation aims to accelerate the construction and repair of regional and national transportation networks by providing a new stream of funding intended to reduce traffic congestion and improve the movement of goods across state lines.