A Resolution urging the Congress of the United States to establish the National Infrastructure Bank.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This resolution urges the United States Congress to establish the National Infrastructure Bank (NIB). The resolution highlights the significant infrastructure needs in Pennsylvania and across the nation, citing a substantial funding gap and concerns about aging infrastructure. It argues that the NIB, modeled after similar banks from the past, could stimulate economic growth, create jobs, and prioritize American-made products, mirroring the success of previous infrastructure-focused federal banks.
Key provisions
- Urges the U.S. Congress to establish the National Infrastructure Bank.
- References a significant infrastructure funding gap in Pennsylvania and the United States.
- Models the NIB on previous federal banks that spurred economic growth.
- Projects the NIB would create an estimated 25 million new jobs.
- Includes ‘Buy America’ provisions and prioritizes contracts for disadvantaged businesses.
- Estimates the NIB would grow the Federal economy by 5% per year.
- Notes that 30 state legislatures and numerous local governments have expressed support for the NIB.
- Lists specific Pennsylvania cities and counties that endorse the NIB.
Who is affected
- Federal Government
- State Governments (Pennsylvania)
- Local Governments (Pennsylvania)
- Construction Industry
- Job Seekers
Notable changes
Bill text
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Document of record
- Version
- Pn 1034 Html
- Published
- Not published in the source record
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Sponsors
Official sponsors from legislative records.
9 on record
Primary sponsor
Cosponsors
Christine Tartaglione
Judith Schwank
Arguments
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