HR60 Summary

• Urges U.S. Congress to restore the Glass-Steagall Act provisions and pass HR 381 and S. 1709 to separate investment and commercial banking, citing the law's 66-year success in preventing banking crises before its repeal.

• Calls for establishing a national banking and federal credit system modeled on Alexander Hamilton's First Bank of the United States, Abraham Lincoln's Greenback policy, Franklin Roosevelt's Reconstruction Finance Corporation, and the Kennedy Space Program.

• Proposes using federal credit to fund infrastructure including high-speed rail networks, nuclear power plants, water projects in the Southwest, and other critical transportation and energy programs.

• Urges launching an immediate space program expansion to explore the solar system and develop nuclear fusion technology to address national energy needs.

• Requires distribution of resolution copies to all Alabama congressional delegation members and the President of the United States.