Bill > HJ1

This joint resolution urges the U.S. Congress to enact legislation establishing a National Infrastructure Bank (NIB) to address critical infrastructure needs across the United States. The resolution highlights the dire state of infrastructure in Maryland and nationally, referencing an American Society of Civil Engineers report that gave the country a C- grade and estimated over $6 trillion needed for infrastructure repairs, with $3 trillion unfunded. The proposed NIB, based on H.R. 4052, would be a $5 trillion bank designed to finance comprehensive infrastructure projects, including repairing roads and bridges, expanding broadband, upgrading water systems, investing in affordable housing, and developing mass transit. The resolution emphasizes that the bank is modeled after historical infrastructure banks from earlier presidential administrations and is projected to create 25 million jobs, enforce Davis-Bacon wages and Buy America provisions, and potentially grow the economy by 5% annually without requiring new federal spending or taxes. The proposed bank has garnered support from 28 state legislatures, numerous national organizations, and various caucus groups, underscoring its broad potential impact on infrastructure development and economic growth.

Government Affairs

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HJ0001?ys=2025RS