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AL HJR58
Joint Resolution
Status
3/18/2015
Primary Sponsor
Thomas Jackson
Click for details
AI Summary
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Urges Congress to reenact Glass-Steagall protections including bills HR129 and S1282 to eliminate worthless assets from major U.S. banks, citing 2014 derivative holdings of $1.9 quadrillion as evidence of financial instability.
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Calls for return to a national banking and credit system modeled on the Alexander Hamilton Bank of the United States, the Reconstruction Finance Corporation, and Abraham Lincoln's Greenback program to restore the Treasury Department's role in generating direct federal credit.
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Requests federal credit system be used to fund infrastructure reconstruction including water, power, transportation, nuclear power deployment, and high-speed rail projects similar to those being implemented in Asia and South America.
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Directs Congress to launch a crash program to fund nuclear fusion technology development as the primary solution for providing cheap, limitless power and enabling creation of new materials.
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Requires copies of the resolution to be provided to the President and all members of Congress.
Legislative Description
Congress urged to return United States to a constitutional credit system for economic recovery
Resolutions, Legislative
Last Action
Introduced and referred to the House of Representatives committee on Rules
3/18/2015