DE SR25

Urges Delaware's U.S. Congressional Delegation (Senators Carper and Coons, Representative Blunt Rochester) and President Biden to support H.R. 3339, the National Infrastructure Bank Act of 2021

The proposed National Infrastructure Bank would create a $5 trillion bank to invest solely in infrastructure projects, capitalized by repurposing existing Treasury debt rather than requiring new federal spending or taxes

Cites Delaware's infrastructure deficiencies including 63 high-hazard dams, $806 million in drinking water needs, 16% of roads in poor condition, $102 million school capital gap, and $206 million in wastewater needs

The National Infrastructure Bank is projected to create 25 million new jobs with Davis-Bacon wages, project labor agreements, Buy American provisions, and minority hiring requirements

Notes that 21 state legislatures and multiple city councils have already passed or introduced resolutions supporting the National Infrastructure Bank