Bill > SR132

This resolution urges the United States Congress to establish a National Infrastructure Bank (NIB), highlighting the critical need for infrastructure investment based on the American Society of Civil Engineers' (ASCE) 2025 assessment that the U.S. requires over $9 trillion to bring infrastructure to a good condition and faces a $3.7 trillion investment gap. The proposed $5 trillion NIB would be modeled after historical infrastructure banks from previous presidential administrations, such as those under George Washington and Franklin D. Roosevelt, and would be capitalized using existing Treasury debt without requiring new federal spending or taxes. The resolution emphasizes that the NIB is projected to create approximately 25 million new jobs, pay prevailing wages, include "Buy America" provisions, support disadvantaged business enterprises, and potentially grow the federal economy by 5% annually. The proposal has garnered support from thirty state legislatures, numerous national organizations like the National Black Caucus of State Legislators and the National Association of Counties, and several Pennsylvania cities and counties. The resolution requests that copies of the resolution be transmitted to the President, Congressional leadership, and Pennsylvania's Congressional delegation.

Transportation and Infrastructure

https://www.legis.state.pa.us/cfdocs/billinfo/bill_history.cfm?syear=2025&sind=0&body=S&type=R&bn=132