NJ SR49

Urges Congress to pass H.R.3339 to establish a government-owned national infrastructure bank that would generate capital by trading U.S. Treasury Bonds from private investors for preferred stock with guaranteed returns above Treasury rates

Cites American Society of Civil Engineers estimates of nearly $6 trillion needed over 10 years for U.S. infrastructure improvements

Highlights New Jersey's infrastructure deficiencies: only 29% of roads and 27% of bridges in good condition, plus 229 high-hazard dams

References historical precedent of national banks during times of need, including the first and second national banks, Lincoln's national banking system, and FDR's Reconstruction Finance Corporation

Directs copies of the resolution be sent to Congressional leadership and all New Jersey members of Congress