WASHINGTON — Sen. Ron Wyden has introduced a bill to create tax-credit bonds for transportation projects, hoping the program will navigate the political and economic realities that have challenged previous attempts at federal financing tools for state and local governments.

The proposal comes after the Oregon Democrat spent months negotiating with investors, lawmakers and other experts to win support for the Transportation and Infrastructure Project, or TRIP, bonds. Now, with at least one Republican senator endorsing the legislation, Wyden is hoping to fill part of the void left from the expiration of the Build America Bond program.

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