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FL H0803
M
Status
Failed
5/5/2023
Primary Sponsor
Yvonne Hayes Hinson
Click for details
AI Summary
- Florida House Memorial requesting the U.S. Congress to pass the National Infrastructure Bank Act to create a National Infrastructure Bank for financing urgently needed infrastructure projects
- Cites the American Society of Civil Engineers' 2021 C- grade for U.S. infrastructure and a projected $6.1 trillion funding need through 2029, with less than half currently funded
- Highlights Florida-specific needs including $21.9 billion for drinking water, $18.4 billion for wastewater, $1.1 billion for stormwater management, and a shortage of 411,846 affordable rental homes for extremely low-income renters
- The proposed National Infrastructure Bank would require no new federal spending or taxes, instead being capitalized by repurposing existing Treasury debt, and would create an estimated 25 million new jobs with Davis-Bacon wages, Buy American provisions, and large-scale minority hiring mandates
- Copies of the memorial are to be sent to the President of the United States, leaders of both chambers of Congress, and each member of Florida's congressional delegation
Legislative Description
National Infrastructure Bank Act
Last Action
Died in Insurance & Banking Subcommittee
5/5/2023
Committee Referrals
Insurance And Banking Subcommittee2/21/2023
Full Bill Text
No bill text available