Bill > SJ2

This joint resolution urges the U.S. Congress to enact legislation establishing a National Infrastructure Bank (NIB) to address critical infrastructure needs in the United States. The resolution highlights significant infrastructure challenges, including the American Society of Civil Engineers' assessment that the nation requires over $6 trillion in infrastructure repairs, with $3 trillion currently unfunded. Specifically for Maryland, the resolution notes urgent needs such as repairing 1,595 bridges, addressing water infrastructure issues, creating affordable housing, and alleviating traffic congestion. The proposed NIB, modeled on historical infrastructure banks from previous presidential administrations, would be a $5 trillion institution designed to finance comprehensive infrastructure projects without requiring new federal spending or taxes. The bank is projected to create 25 million jobs, enforce wage and hiring standards, and support projects like broadband expansion, road and bridge repairs, power grid improvements, water system upgrades, and mass transit development. The resolution emphasizes widespread support for the NIB, with 28 state legislatures and numerous national organizations backing the concept, and ultimately calls on Congress to pass H.R. 4052, the "National Infrastructure Bank Act," to establish this transformative financial institution.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SJ0002?ys=2025RS