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MS HR17

Resolution

Status

Failed

3/29/2017

Primary Sponsor

David Baria

Click for details

Origin

House of Representatives

2017 Regular Session

AI Summary

  • Urges Congress to restore the Glass-Steagall Act provisions separating investment and commercial banking by passing HR 381 and S1709

  • Calls for creation of a National Infrastructure Bank with at least $1 trillion in federally insured credit dedicated to infrastructure and job creation

  • Advocates using federal credit to build high-speed rail networks, power generating systems, and water projects to protect Mississippi's coastline from hurricanes and flooding

  • Requests expansion of the space program including the Stennis Space Center, permanent Moon missions, and a crash program to develop fusion power

  • Cites concerns over $250 trillion in derivatives contracts held by federally insured banks and stagnant economic indicators including GDP growth of only 1-2% and productivity expansion of just 0.5% annually

Legislative Description

American Economic Recovery Program; urge Congress to enact.

Last Action

Died In Committee

3/29/2017

Committee Referrals

Rules2/2/2017

Full Bill Text

No bill text available