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MI HR0393
Resolution
Status
Introduced
12/6/2022
Primary Sponsor
Shri Thanedar
Click for details
AI Summary
- Supports federal legislation (HR 3339) to create a $5 trillion National Infrastructure Bank financed through repurposing existing Department of Treasury debt without requiring new federal spending or taxes
- Documents Michigan's infrastructure crisis, including a D+ rating from the American Society of Civil Engineers, with 39% of roads in poor condition, 11% of bridges structurally deficient, and Detroit Public Schools requiring over $1 billion in repairs
- Highlights the shortage of 200,000 affordable rental homes in Michigan and notes that over 10,000 Detroit residents experienced homelessness in 2019
- References historical precedent of national banks under Presidents George Washington, James Madison, Abraham Lincoln, and Franklin D. Roosevelt that successfully financed infrastructure projects
- Directs copies of the resolution to the President, Michigan Governor, and Michigan congressional delegation
Legislative Description
A resolution to in support of federal legislation to enable the creation of a National Infrastructure Bank.
Last Action
Referred To Committee On Government Operations
12/6/2022
Committee Referrals
Government Operations12/6/2022
Full Bill Text
No bill text available