Loading chat...
OH HR108
Resolution
Status
Introduced
4/25/2023
Primary Sponsor
Michele Grim
Click for details
AI Summary
- Urges United States Congress to create a National Infrastructure Bank modeled on historical financial institutions that funded roads, dams, bridges, canals, and railroads during presidencies of George Washington through Franklin D. Roosevelt
- Cites American Society of Civil Engineers 2021 report giving the United States a C- infrastructure grade and requiring over $6 trillion for repairs, with Ohio needing at least $12 billion for drinking water upgrades and $14 billion for wastewater system upgrades
- Proposes capitalization using existing United States Treasury debt with no new federal spending or federal taxes required
- Claims a National Infrastructure Bank would create tens of millions of jobs paying prevailing wages, mandate Buy America policies, increase total factor productivity by over 3% annually, and grow gross domestic product by over 5% annually
- Directs the Ohio House Clerk to transmit copies of the resolution to Ohio's congressional delegation, the governor, the President of the United States, and Ohio news media
Legislative Description
Create a National Infrastructure Bank
State and Local Government : State Government
Last Action
Introduced and Referred to Committee: Infrastructure
4/25/2023
Committee Referrals
Infrastructure4/25/2023
Full Bill Text
No bill text available