HJR80 Summary

• Endorses the National Infrastructure Bank Act of 2020 and urges Congress to enact the legislation as swiftly as practicable.

• Proposes a National Infrastructure Bank that would lend $4 trillion for infrastructure projects without creating new federal debt by repurposing existing Treasury debt.

• Would create 25 million new jobs, require Davis-Bacon wages and Project Labor Agreements, and include Buy American provisions for all projects.

• Identifies potential funding uses for Alabama including bridge and road updates, high-speed rail development, airport expansion, communications systems, and school improvements.

• Directs copies of the resolution be sent to each member of the Alabama Congressional Delegation.