Bill > H769

This resolution urges the United States Congress to pass H.R. 4052, the National Infrastructure Bank Act (NIB), which would establish a national infrastructure bank with $5 trillion in funding to address critical infrastructure needs across the United States. The resolution highlights the current poor state of infrastructure, as assessed by the American Society of Civil Engineers (ASCE), which gave the nation a C- grade and identified $6 trillion needed to restore infrastructure to good condition. Specifically for North Carolina, the resolution notes significant infrastructure challenges, including roads in poor condition, bridges needing repair, drinking water system problems, and a shortage of affordable housing. The proposed National Infrastructure Bank would be capitalized using existing Treasury debt, create an estimated 25 million high-wage jobs, mandate Buy America provisions, support disadvantaged businesses, and potentially grow the economy by 5% annually. The resolution is modeled on historical infrastructure banks from previous presidential administrations and has received endorsements from numerous state legislative caucuses and organizations. The North Carolina House of Representatives calls on Congress to pass this legislation and directs that copies of the resolution be sent to the state's congressional delegation, the Governor, and the President of the United States.

Government Affairs

https://www.ncleg.gov/BillLookUp/2025/H769