Bill > HR0216

This resolution urges Congress to support the creation of a National Infrastructure Bank as proposed in H.R. 5356, drawing attention to critical infrastructure challenges in the United States and Michigan specifically. The resolution highlights the American Society of Civil Engineers' (ASCE) assessment of U.S. infrastructure, which received a C grade, and Michigan's infrastructure, which received a C-, noting significant problems with roads, bridges, schools, and water systems. The proposed National Infrastructure Bank would be a five-trillion-dollar public bank designed to finance infrastructure projects without requiring new federal spending or taxes, instead being capitalized through existing Treasury debt. Historically modeled after similar banks established by presidents like Washington, Lincoln, and Roosevelt, the proposed bank would aim to address infrastructure needs, generate jobs, and combat poverty by funding projects such as road and bridge repairs, school renovations, affordable housing, broadband installation, and transportation improvements. The resolution emphasizes widespread support for the bank, noting endorsements from numerous state legislatures, municipal councils, and national organizations. Ultimately, the resolution calls on Congress to support the National Infrastructure Bank Act and directs that copies of the resolution be sent to the President, Governor, and Michigan's congressional delegation.

Government Affairs

https://legislature.mi.gov/Bills/Bill?ObjectName=2025-HR-0216