Bill > SR261

This resolution urges the United States Congress to establish a National Infrastructure Bank (NIB), a financial institution modeled after historical entities that funded significant national projects like roads, dams, and railroads. The call for an NIB stems from concerns highlighted by the American Society of Civil Engineers (ASCE), which reported a "C-" grade for U.S. infrastructure in 2021, estimating over six trillion dollars are needed for repairs and upgrades, with a substantial portion unfunded. The resolution emphasizes that such a bank would be capitalized using existing U.S. Treasury debt, avoiding new federal spending or taxes, and is projected to create millions of jobs, boost the economy, and promote American manufacturing and small businesses. This initiative has garnered support from various state and national organizations, and similar resolutions have been introduced or passed in other state legislatures.

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https://www.legislature.ohio.gov/legislation/136/sr261