IL HR1092

Urges U.S. Congress to restore Glass-Steagall Act provisions separating investment and commercial banking, citing HR 381 and S. 1709 as measures that would prevent banking crises like 2008.

Calls for establishment of a national banking and federal credit system modeled on Alexander Hamilton's First Bank of the United States and Abraham Lincoln's National Banking policies to fund infrastructure and manufacturing projects.

Requests federal credit system funding for high-speed rail networks, power generation systems, water projects in the Southwest and cities including Flint, Chicago, and Philadelphia.

Proposes launching a space program to establish a permanent manned lunar colony, explore the solar system, and develop nuclear fusion technology to address national energy needs.

Cites commodity price collapse (oil down 70%, other commodities down 10-70%), $300 trillion derivatives bubble, and contracting manufacturing as evidence of economic crisis requiring immediate federal action.