U.S. Senators Frank Lautenberg (D-NJ) and John "Jay" Rockefeller (D-WVA) have introduced the American Infrastructure Investment Fund Act of 2013, which would establish a $5 billion fund to help private, state and regional entities cover the cost of transportation projects nationwide.

Transportation infrastructure investments have lagged in recent decades and the nation has developed an investment backlog, the senators said in a joint statement.

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