NAT. INFRASTRUCTURE BANK ACT

This Senate resolution urges the U.S. Congress to pass a federal bill that would establish a national infrastructure bank to fund urgently needed repairs and new construction projects across the country. The proposed bank is designed to provide financing for critical areas such as bridges, water systems, roads, and affordable housing without requiring new federal taxes or spending. Modeled after historical government financing programs, the legislation aims to leverage private investment to address infrastructure gaps while mandating fair labor wages and minority hiring practices. As a state-level resolution, it serves as a formal recommendation to federal lawmakers rather than a law itself, reflecting support from various Illinois organizations and local governments.