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IL SR2439
Resolution
Status
11/29/2016
Primary Sponsor
Michael Noland
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AI Summary
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Calls on U.S. Congress to restore Glass-Steagall Act provisions separating investment and commercial banking by passing HR 381 and S 1709 to prevent future financial crises like the 2008 meltdown.
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Urges Congress to establish a national banking and federal credit system modeled on Alexander Hamilton's First Bank of the United States and Abraham Lincoln's National Banking policy to finance infrastructure projects.
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Requests federal credit system be used to fund high-speed rail networks, power generation systems, water projects in the Southwest and cities including Flint, Chicago, and Philadelphia.
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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.
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Directs copies of the resolution be sent to President Obama, House Speaker Paul Ryan, Senate Majority Leader Mitch McConnell, and Illinois Congressional Delegation members.
Legislative Description
AMERICAN RECOVERY PROGRAM
Last Action
Referred to Assignments
11/29/2016