HR 81 Summary

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

• Proposes a National Infrastructure Bank (NIB) capitalized with $4 trillion in repurposed Treasury debt to address a $2.1 trillion unfunded infrastructure shortfall identified by the American Society of Civil Engineers.

• Projects the NIB would create 25 million new jobs, pay Davis-Bacon wages, require Project Labor Agreements and Buy American provisions, and increase annual economic growth from 1.8 percent to 5 percent.

• Identifies eligible projects including Alabama infrastructure needs such as bridge and road updates, high-speed rail, airport expansion, communications systems, schools, and parks.

• Directs that copies of the resolution be sent to Alabama's Congressional Delegation to communicate the state legislature's support for the National Infrastructure Bank Act.