04:15 PM - 05:30 PM
25 October 2022

Financial Industry Perspectives on the IIJA

Strategic Issues / Public Policy

Give people a fish and they eat for a day – teach them how to fish and they will eat forever. The Infrastructure Investment & Jobs Act has $500 billion in funding. Keep in mind there are three ways to get funds under the law’s provisions: meeting eligibility criteria for formula funds; receiving sub-allocated formulas from the state government; and applying directly for competitive grant funds from the U.S. Department of Transportation (DOT).

This panel of public finance experts will discuss how States, Local and Tribal governments, can leverage the federal funding to maximize the building of enduring public goods and critical infrastructure assets. U.S. public finance, quintessentially, seeks to leverage the public’s capital over the life of the useful asset. The U.S. Municipal Bond Market has currently financed approximately $4 trillion of State and Local government projects which are categorized by use of proceeds and/or by source of revenues. In 2021 the U.S. Municipal Bond Market had a new issue volume of $456.4 billion in long-term debt.


Terence Smith, CEO, Smith’s Research & Gradings
Peter Hayes, Global Fixed Income Committee and Head of Municipal Fixed Income, BlackRock Investments
Eden Perry, Head of U.S. Public Finance, S&P Global Ratings
Warren Bloom, Shareholder, Co-Head of National Public Finance Practice, Greenberg Traurig LLC
Robert Spangler, Managing Director & Head of Municipal Finance, RBC Capital Markets