Infrastructure package is ‘invaluable to our country': Suzanne Shank

Suzanne Shank, President and CEO of Siebert Williams Shank & Co., joins 'Influencers with Andy Serwer' to discuss the bipartisan infrastructure bill.

Video transcript

- Let me ask you about the proposed infrastructure spend by Congress, $4 trillion. Does that make sense to you and would that impact [INAUDIBLE] markets?

SUZANNE SHANK: Yes, I think you should understand my perspective is, I used to be a civil engineer. So, I am pro-infrastructure. State and local government entities really provide funding for our nation's infrastructure through the municipal bond market. I think any plan that helps our country get from the D plus it's been for so many years, I think we just emerged to C.

But for us to be competitive globally, we need to get to the A, B range. It's going to be invaluable to our country and to our economy. What will happen is we hope to see municipalities leverage the infrastructure bill. They will probably have to issue more bonds to match some of the funding from the federal level.

So, we think overall, it would be very positive to supply, and obviously, make our municipalities stronger going forward, so they're not doing the emergency fixes rather than deep investment that will be impactful and positively impact our infrastructure going forward.