Bill > SJR0039

This resolution urges the United States Congress to establish a national infrastructure bank to address critical infrastructure needs across the country. Drawing on historical precedents from previous national infrastructure banks that helped build American infrastructure during the presidencies of Washington, Madison, Lincoln, and Roosevelt, the resolution highlights the urgent need for infrastructure improvements based on the American Society of Civil Engineers' (ASCE) 2021 report card, which gave the United States a grade of C- for infrastructure condition and identified over six trillion dollars needed for repairs and upgrades. The proposed bank would create an estimated 25 million new jobs, pay Davis-Bacon wages, enforce Buy America provisions, support Disadvantaged Business Enterprises, and mandate significant minority hiring, all without requiring new federal spending or taxes. The resolution emphasizes specific infrastructure challenges in Illinois, including 675,000 lead water service lines, 2,405 bridges in poor condition, and a significant affordable housing shortage, and notes that the proposed infrastructure bank is supported by numerous state and national organizations, including 29 state legislatures that have introduced or passed supporting resolutions.

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https://www.ilga.gov/legislation/BillStatus.asp?DocNum=39&GAID=18&DocTypeID=SJR&SessionID=114&GA=104