Support for the National Infrastructure Bank Act
As of 9/26/22
Organizations which Passed a Resolution Endorsing
House Bill HR 3339 (or HR 6422 previously)
Council of State Governments (CSG) East, August 17, 2022 National Association of Development Organizations (NADO), January 16, 2022 National Black Caucus of State Legislators, December 2, 2021 National Latino Farmers and Ranchers Trade Association, October 30, 2021 National Association of Minority Contractors
American Sustainable Business Council
Chamber of Eco Commerce
Alaska –
City of Anchorage, HR 3339, July 27, 2021
Democratic Party State Central Committee, February 6, 2021 California –
California Public Banking Alliance, September 26, 2022
California Assembly, AJR32, May 5, 2022
Huron City Council, June 1, 2022
Delaware –
Delaware Senate, SR 25, January 27, 2022
Florida –
Florida Association of Counties (FAC), HR 3339, Dec. 4, 2021 North Central Florida Regional Planning Council, June 24, 2021 Alachua County Board of Commissioners, Resolution No. 2021- First Rail International, Ormond Beach, March 1, 2021
Georgia –
Central Georgia Trades and Labor Council, AFL-CIO, March 3, 2021 International Union of Elevator Constructors Local 32 of Atlanta Georgia State Council of Machinists, Oct. 13, 2020
Illinois – City of Chicago’s Mayor and Council, March 24, 2021, HR 6422 Indiana – Northern Indiana Passenger Rail Association
Maine – Legislature, Both Houses: SP 297, Senate Adopted 3/10/21, House Adopted 3/11/21
Michigan – City of Hamtramck, MI
Dearborn Heights City Council, MI
City Council of Inkster, MI
Missouri –
St. Louis County, Feb. 1, 2022
Nevada – Legislature, Both Houses: AJR 7, May 6, 2021
New Jersey –
New Jersey Assembly AR 25, March 24, 2022
New Jersey Senate SR81, June 3, 2021
Trenton City Council, February 7, 2019
New Mexico –
Democratic Party of New Mexico, March 2022
League of United Latin American Citizens (LULAC), HR 3339, May 21, 2022 and June 18, 2021
Central New Mexico Labor Council, February 5, 2021
New York –
Albany Common Council, Resolution No. 83.111.21,
Ulster County Legislature, Resolution No. 435, Oct. 19, 2021 New York State Association of Counties, Resolution #5, Sept. 13, 2021 Albany County Legislature Proclamation, August 27, 2021 City of Peekskill, Approved 2/22/21
Westchester County Board of Legislators, NY, Approved February 8, 2021 Westchester-Putnam Counties AFL-CIO Central Labor Body (New York) Hudson Valley NY Building and Construction Trades Council Elevator Constructors of New York
Local One International Union of Elevator Constructors Of New York and New Jersey – (AFL-CIO)
Ohio –
Sylvania City & Township Democratic Club, March 26, 2022 Communication Workers of America (CWA) State Council of Ohio, June 14, 2021
IBEW 245, Toledo
City of Cleveland, Resolution 218-2021, April 5, 2021
Bricklayers Local 7, Akron
Lucas County Ohio Board of County Commissioners
Western Reserve Building Trades, Ohio, November 12, 2020 Northwest Ohio Passenger Rail, October 15, 2020
Ohio CWA Local 4319
United Association of Plumbers and Pipefitters Toledo, Ohio UA Local 50 Plumbers, Steamfitters and Service Mechanics, Northwood, Ohio Toledo Metropolitan Area Council of Governments (Ohio)
City of Toledo, Ohio November 4, 2020
Toledo Area Jobs with Justice and Interfaith Worker Justice Coalition (Ohio) All Aboard Ohio, June 22, 2020
Fulton County Ohio Democratic Party
Pennsylvania –
State College Borough Council, April 4, 2022
Philadelphia City Council, Resolution No. 210011, Passed February 4, 2021
Northern Tier Central Labor Council, PA
West Philadelphia Corridor Collaborative
Allegheny County Pennsylvania, Bill 11965-20 passed July 14, 2020 Pittsburgh PA City Council, Sept. 15, 2020
Lancaster PA City Council, Sept. 8, 2020
Rhode Island –
State Senate Resolution S 0029, June 24, 2021
City of Providence, RI, September 14, 2020
Virginia –
Essex County Board of Supervisors, HR 3339, Adopted December 14, 2021 State AFL-CIO
Virginia State Building and Construction Trades Council Virginia International Union of Elevator Constructors LOCAL UNION NO. 52 Hampton Roads VA Building and Construction Trades Council Washington –
48th LD Washington Democrats Endorse NIB, March 9, 2022 Washington State SJM 8006, passed Senate 2/21/22; went to House Committees
WA State 49th Legislative District Democrats, Feb. 22, 2022 WA State Federation of Democratic Women, Salish Sea Chapter, Jan 24, 2022
WA State 1st Legislative District Democrats, Nov. 15, 2021 King County Democratic Party
Seattle Indivisible, HR 3339, August 2021
WA State 34th Legislative District Democrats, HR 3339, July 14, 2021 Cascadia Rail, HR 3339
Wisconsin – Dodge County (Central Wisconsin), Resolution No. 21-09 Wisconsin Transit and Realty Group, HR 3339
Institutions which Introduced Resolutions in Support of HR 3339 (or HR 6422 previously):
National Conference of State Legislatures, at their August 2, 2022 Conference in Denver
Council of State Governments (CSG) Western Regional Conference, July 19-22, 2022, Boise, Idaho
Alabama State House of Representatives, HJR 67
Alaska Senate Resolution SJR14
Arizona Legislature, A Concurrent Memorial, SCM 1005
Council of State Governments – West, to be voted on July 19-22, 2022.
Florida Senate Resolution SM 1738,
Florida House Memorial HM 245, filed 10/11/2021
Georgia State Senate, Resolution 267
Illinois House Resolution HR 0434
Illinois Senate Resolution SR 480
New Mexico Senate SM 2
New Mexico House HM 47
North Carolina House Resolution 256, March 11, 2021
Ohio House of Representatives HR 19, 2021-22 Session
Pennsylvania State Democratic Party
South Carolina General Assembly, H. 3434, January 2021
Virginia House of Delegates, HR 225
Virginia House Joint Resolution, HR 550
Washington State House of Representatives Hearing on SJM 8006 February 21, 2022
Organizations which Passed a Resolution Endorsing this
National Infrastructure Bank Without Citing the Bill Number:
National Congress of Black Women
National Association of Counties, July 11, 2021
National Federation of Federal Employees
Alabama Legislature---Both Houses Concurring, HJR 80
Illinois House of Representatives Passed Resolution in 2019 Ohio---Akron City Council
New Jersey---Mercer County Board of Freeholders
New Mexico---Rio-Arriba County Board of County Commissioners Pennsylvania---
County Commissioners Association of Pennsylvania, August 23, 2021 Allentown City Council
Northampton County Board of County Commissioners
Northampton County Democratic Committee
Virginia---
2020 Virginia Democratic Convention, passed June 20, 2020 Fairfax County, Va. Democratic Committee
Loudoun County, Va. Democratic Committee
Loudoun County Va., Progressive Democrats
Alexandria Va. Democratic Committee
Our Revolution Northern Virginia
Virginia’s 10th Congressional District Democrats, May 2020 Virginia’s 8th Congressional District Democrats, May 2020 SEIU Virginia 512
State Legislatures which Introduced Resolutions in support of the National Infrastructure Bank (many still pending)
Michigan --- Senate Resolution 77, introduced August 31, 2021 Minnesota House of Representatives and State Senate
Mississippi House of Representatives
Missouri House of Representatives, HCR 69
New York City Council, 10/3/19
North Carolina House of Representatives
Ohio State Senate
Pennsylvania Senate Resolution No. 153, July 20, 2021
Pennsylvania House of Representatives HR 113, June 8, 2021 West Virginia House of Representatives
National Association of Development Organizations
Endorses the National Infrastructure Bank
Resolution Urging Congress to Enact Legislation Creating a National Infrastructure Bank to Finance Urgently Needed Infrastructure Projects
Issue: According to the American Society of Civil Engineers and the United States Congress, there is a budget shortfall of over $2 trillion needed to finance urgently needed infrastructure. This does not include much needed programs such as broadband, passenger transit systems, high speed rail, clean water supply projects, flood control systems, energy distribution systems, ferries, fish passage barriers, and power grid upgrades. Therefore, the real financing need is well over $5 trillion.
The National Infrastructure Bank (NIB) would finance projects within all regions of the United States. In the past, the United States has employed four National Bank systems to build out infrastructure, and the proposed legislation follows in that successful model.
Resolved: The National Association of Development Organizations (NADO) urges Congress to enact legislation to create a new National Infrastructure Bank (NIB) system. The proposed legislation has the following critical points:
It would create a new NIB by exchanging existing Treasury debt for preferred stock in the bank. The proposal is to raise $500 billion, out of the $23 trillion in Treasury debt, and put it in the bank. This would require no federal action. The NIB would pay two percent interest above the Treasury yield to the investors, with all transactions being federally insured. The two percent would be included in the U.S. budget and not go through appropriations.
The NIB would perform as a traditional commercial bank and be able to provide financing in the form of loans. The bank would loan $5 trillion to states, cities, counties, authorities, and multistate entities to address the infrastructure crisis in the nation. Loans would be long term, at Treasury rates and for infrastructure projects only.
There would be a Board of Directors comprised of mainly engineers and infrastructure experts, with state, local, and county officials with expertise in infrastructure construction to assist in the implementation of the projects. The bank would report all banking transactions to Congress on a regular basis. The NIB would create 25+ million new high paying jobs, which would increase the tax base and increase the productivity of the entire economy. Previous such entities have increased the real GDP by 3 – 5 percent per year, and payback multiples have been anywhere from 2-10 times the investment.
Issued January 16, 2022
Resolution in Support of National Infrastructure Bank
Whereas, the Council of State Governments -East recognizes that transportation infrastructure is vital to economic development, job creation; mobility, and quality of life; and
Whereas the safe and efficient transport of people, goods and services depends on a safe, reliable, and environmentally sound surface transportation system; and
Whereas the long-term enhanced investment in the infrastructure is clearly demonstrated by the ever-increasing number of deficient roads and bridges found across the nation’s aging system; and
Whereas congestion continues to build on our nation’s highways, bridges, railways, and airways negatively impacting the economy and the environment; and
Whereas, the Highway Trust Fund (HTF) can no longer fully sustain the vast needs of the system, and continues to be regularly t hreatened with insolvency without a long -term, sustainable funding stream; and
Whereas, transit systems, both rural and urban, are unique assets of the region’s transportation system; and
Whereas, the rail system (passenger and freight) is an integral pa rt of the region and the nation’s transportation system, as well as a key to economic vitality, and mobility, in the region; the nation; and beyond our borders; and
Whereas the Executive Committee of the Council of State Governments Eastern Region Conference supports:
Strong federal investment in mega -projects that are in the state, provincial, regional, and national interest;
Increased investment in rural and urban transit systems Increased investment in the planning, design, construction of facilities, and high-speed rail, where appropriate, that will enhance intercity passenger rail service across the nation and between the US and Canada
Investment in programs and projects that will link intercity passenger rail to other modes of transportation in a seamless, efficient manner
A priority federal focus and increased investment in the region’s aging bridges A focus on the importance of investing in the region’s infrastructure as it pertains to travel and tourism within the continental U.S. and Canada and es pecially as related to the economic well-being of Puerto Rico and the Virgin Islands; and
Whereas one way to finance all the transportation and related infrastructure is a National Infrastructure Bank; and
Whereas the United States Congress introduced HR 3339 to create a National Infrastructure Bank which could invest $5 trillion into needed infrastructure including over $2 trillion in transportation projects; and
Whereas the National Infrastructure Bank could repair and replace all aging bridges; and
Whereas the National Infrastructure Bank could repair and upgrade all highways and roads; and
Whereas the National Infrastructure Bank could build out a passenger rail network and create an extensive High-Speed Rail system to transform rail transportation in the region and the nation; and
Whereas the National Infrastructure Bank could upgrade all airports and help finance new projects; and
Whereas the National Infrastructure Bank could help modernize and expand municipal mass transit systems; and
Whereas, the National Infrastructure Bank would require no new federal appropriations and no new federal taxes, and has been done previously in United States’ history; and
Whereas the National Infrastructure Bank would fi nance all the surface projects needed to bring the nation’s transportation to a State of Good Repair; and
Whereas twenty-four state legislatures have filed resolutions in support of the National Infrastructure Bank and seven passed at least one legislatur e. The Maine and New Jersey legislatures passed the resolution in both houses, and the Rhode Island Senate and Delaware Senate each passed a resolution; bipartisan resolutions are introduced in the Pennsylvania Senate and House, and a Dear Colleague Sign-on letter is circulating in the New York Assembly; now,
Therefore, Be It Resolved , that the Executive Committee of the Council of State Governments East supports the National Infrastructure Bank, as stated in HR 3339; and
Be It Further Resolved that this resolution be communicated to federal elected officials; the Governors of the Northeast States; State Legislature Speakers and Senate Presidents; and Eastern Canadian Province Leaders; as well as trade associations, and others concerned with surface transportation policy.
August 17, 2022
California Public Banking Alliance
The Alliance joins the CA State Assembly in endorsing the National Infrastructure Bank (NIB) bill HR 3339. The NIB, a national #publicbank, will fund urgently needed infrastructure development in the US without creating debt or raising taxes.
As a $5 trillion bank, the NIB will supercharge the US economy & help repair roads, bridges, airports, railways—creating up to 25 million new jobs. Local public banks will interface seamlessly with the federal NIB, mobilizing public funds to benefit all people across the nation.
60 California Assemblymembers co-sponsored the resolution to endorse the National Infrastructure Bank: https://openstates.org/ca/bills/20212022/AJR32/ Los Angeles City Council recently introduced a reso to endorse HR3339:
https://clkrep.lacity.org/.../22-0002-S121_reso_9-16-22.pdf
September 26, 2022
National Black Caucus of State Legislators
Endorses National Infrastructure Bank
WHEREAS, the National Black Caucus of State Legislators (NBCSL) supports an equitable transportation system that provides access to all citizens and communities, and does not place an undo financial burden on our citizens;
WHEREAS, the American Society of Civil Engineers (ASCE) stated in its 2021 report card that the United States received a grade of C- regarding the current state of infrastructure and that more than six trillion dollars would be needed to restore the nation’s infrastructure to a state of good repair, and over two and a half trillion dollars is currently not funded, and the remainder is inadequately funded;
WHEREAS, Congress introduced HR 3339, The National Infrastructure Bank Act, to create a new National Infrastructure Bank (NIB), it will be capitalized by repurposing existing Treasury debt and require no new federal appropriations, and will invest five trillion dollars into infrastructure only and create twenty-five million new high-paying jobs; WHEREAS, the NIB will pay Davis-Bacon wages, and guarantee Buy American policies, and economists estimate that the bank will grow the economy by 5 percent per year as did its predecessors;
WHEREAS, the NIB legislation requires massive investment in communities which are disadvantaged;
WHEREAS, the NIB incorporates the Rep. James Clyburn 10-20-30 formula to eradicate poverty and inequality: the NIB would commit 10 percent of its investment into the 476 counties where 20 percent or more of the population has been living below the poverty line for the last 30 years;
WHEREAS, minority businesses will have substantial access to capital and credit, and hiring of all minority populations is a mandate in the bill;
WHEREAS, the NIB will also provide job training to all sections of the population as the bill will create millions of new jobs; the NIB also budgets $700 billion to build 7 million new affordable housing units, to end the housing crisis; the economic stimulus of the NIB will break the culture of drugs, suicide and despair which has engulfed much of our nation; WHEREAS, the NIB is modeled on previous banks which helped build much of our infrastructure under Presidents George Washington, James Madison, Abraham Lincoln, and Franklin D. Roosevelt, and the last such bank helped bring us out of the Depression and win WWII;
WHEREAS, twenty-one state legislatures filed or passed resolutions, including New Jersey, Rhode Island, Maine, Illinois, Ohio, Nevada, New Mexico, South Carolina, Alabama, North Carolina, Georgia, Pennsylvania and more. Many city and county Councils who passed or introduced resolutions include: Chicago, Philadelphia, Trenton, Toledo, Cleveland, New York City, Providence RI, Pittsburgh, Westchester County Board of Legislators, Mercer County NJ Board of Freeholders, Rio Arriba NM County Council, Northampton and Allegheny Pa County Councils, and more; and
WHEREAS, numerous organizations are also supportive including the National Congress of Black Women, the National Association of Counties, the National Latino Farmers and Ranchers, the National Federation of Federal Employees (IAMAW), The National Association of Minority Contractors, the Public Banking Institute, The US High Speed Rail Association, American Sustainable Business Council, and numerous other labor and community organizations are also on record in support.
THEREFORE BE IT RESOLVED, that the National Black Caucus of State Legislators (NBCSL) calls upon the United States Congress to create a National Infrastructure Bank, like HR 3339, to finance urgently needed infrastructure projects;
BE IT FURTHER RESOLVED, that the NBCSL calls upon Congress when passing such legislation as a transportation reauthorization bill to include Rep. James Clyburn 10-20-30 formula to eradicate poverty and inequality, increased access to capital for minority businesses, and increased hiring of minorities; and
BE IT FINALLY RESOLVED, that a copy of this resolution be transmitted to the President of the United States, the Vice President of the United States, members of the United States House of Representatives and the United States Senate, and other federal and state government officials and agencies as appropriate.
SPONSOR(S): Senator Audrey Gibson (FL) and Representative K.C. Ohaebosim (KS) Committee of Jurisdiction: Telecommunications, Science, and Technology (TST) Policy Committee
Ratified in Plenary Session: December 2, 2021
Ratification certified by: Representative Billy Mitchell (GA), NBCSL President
National Association of Counties (NACo)
Approved July 11, 2021 at the 2021 Annual NACo Conference