VA HR3

Urges the U.S. Congress to pass legislation establishing a federally chartered National Infrastructure Bank (NIB) to finance infrastructure projects nationwide

Cites the ASCE 2025 Report Card giving U.S. infrastructure a grade of C, with an estimated $9.1 trillion needed for repairs and a $3.7 trillion investment gap

References Virginia-specific infrastructure needs including $8.1 billion for drinking water, $6.5 billion for wastewater, 356 high-hazard dams, and a shortage of at least 200,000 affordable rental units

Notes H.R. 5356 (National Infrastructure Bank Act) would establish a $5 trillion bank capitalized by existing Treasury securities, requiring no new federal spending or taxes

Advocates project the NIB would create over 20 million jobs, pay Davis-Bacon wages, include Buy America provisions, and potentially generate up to 5% annual GDP growth