I am writing to urge you to cosponsor H.R.4052, the National Infrastructure Bank (NIB) Act.
The National Infrastructure Bank would provide $5 trillion in low-cost loans for a broad range of public infrastructure projects – including massive water systems – without the need for increasing taxes or any deficit budget spending. This has been done previously in US history—this bill is modeled on the successful Reconstruction Finance Corporation (RFC) started by President Herbert Hoover and used by President Franklin D. Roosevelt to build Hoover Dam and bring water and electricity to the Southwest.
Infrastructure investment is crucial in the US. We have an immense backlog of infrastructure needs including: affordable housing, total broadband coverage, bridge and road repair or replacement, lead service line replacement, high-speed rail, mass transit, etc. The NIB would finance all these projects—it picks up where the Bipartisan Infrastructure Act left off.
There is wide-ranging support for this. Twenty-seven state legislatures have introduced resolutions of support, and eight passed at least one chamber. Dozens of city and county councils have endorsed including: Chicago, Philadelphia, Seattle, Los Angeles, San Francisco, Detroit, Cleveland, and many more.
Please add your name to cosponsor H.R.4052. And, many thanks again for all your work on behalf of the citizens of our state and the Nation.
First sent on March 18, 2024 by Jess Craven
