CA AR110

Assembly urges Congress to pass H.R. 4052 to establish a National Infrastructure Bank with $5 trillion in authorized investment capacity, requiring no new federal spending or taxes.

National Infrastructure Bank would finance infrastructure projects in partnership with state and local governments, creating an estimated 25 million jobs with Davis-Bacon Act wages and Buy American provisions.

California's infrastructure receives failing grades from the American Society of Civil Engineers, including D for roads, C- for bridges, and D for levees, with estimated needs exceeding $2.6 trillion nationally by 2029.

Resolution documents specific California infrastructure gaps, including $61 billion annual costs from deficient roads, 50 percent of bridges exceeding design life, and $45 billion needed for levee rehabilitation.

Chief Clerk directed to transmit resolution to President, Vice President, Congressional leadership, California's federal delegation, and Governor.