Rendell On the National Infrastructure Bank

"I: So how would the NIB be structured? Who would be charged with oversight?

R: We think it can’t be part of the Department of Transportation [as was originally suggested by a June bill introduced by the House transportation committee chairman, calling for creation of the NIB as part of the DOT, governed and monitored by an office in the Federal Highway Administration] because it has to include waste water, levies, school construction, and more. So if it is placed in any government agency, it would be better placed in the treasury, though it could also be a standalone organization with general oversight by Congress and the administration, or by an independent board — and we would approve either of those oversight models. It’s gotta be more than just transportation."