AR 45 New Jersey General Assembly · 2024-2025 Regular Session

Urges Congress to establish national infrastructure bank.

New Jersey's Assembly passed Resolution AR 45, urging Congress to pass H.R.3339, which proposes establishing a national infrastructure bank. The resolution does not create new funding but calls for federal action to address infrastructure gaps. It highlights concerns about aging systems in New Jersey (like 29% of roads in poor condition) and nationwide needs cited by groups like the American Society of Civil Engineers. The proposed bank would generate capital by trading U.S. Treasury Bonds for preferred stock, similar to a commercial bank, to fund projects including transportation, broadband, and energy grids. This resolution directly affects Congress, urging it to advance H.R.3339.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Financial Institutions and Insurance Committee
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2 primary · 6 co-sponsors

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