MD HJ1

Maryland General Assembly urges U.S. Congress to enact H.R. 4052, the "National Infrastructure Bank Act," which would create a $5 trillion bank to finance infrastructure projects nationwide

American Society of Civil Engineers (2021) gave U.S. infrastructure a C- grade, estimating $6 trillion needed for repairs with $3 trillion unfunded

Maryland-specific infrastructure needs cited include 1,595 bridges needing repairs, 305 "fracture critical" bridges, $3 billion in stormwater repairs, $75 million for lead water line replacement, and 150,000 affordable housing units

Proposed National Infrastructure Bank is projected to create 25 million jobs with Davis-Bacon wages and Buy America provisions, without requiring new federal spending or taxes

Resolution directs copies be sent to the U.S. President, Governor Wes Moore, Maryland legislative leaders, and the Maryland Congressional Delegation