#nationalinfrastructurebank

[ivygorgon]

An open letter to the U.S. House of Representatives

Cosponsor H.R.4052, the National Infrastructure Bank (NIB) Act.

587 so far! Help us get to 1,000 signers!

I am writing to urge you to cosponsor H.R.4052, the National Infrastructure Bank (NIB) Act.

The National Infrastructure Bank would provide $5 trillion in low-cost loans for a broad range of public infrastructure projects – including massive water systems – without the need for increasing taxes or any deficit budget spending. This has been done previously in US history—this bill is modeled on the successful Reconstruction Finance Corporation (RFC) started by President Herbert Hoover and used by President Franklin D. Roosevelt to build Hoover Dam and bring water and electricity to the Southwest.

Infrastructure investment is crucial in the US. We have an immense backlog of infrastructure needs including: affordable housing, total broadband coverage, bridge and road repair or replacement, lead service line replacement, high-speed rail, mass transit, etc. The NIB would finance all these projects—it picks up where the Bipartisan Infrastructure Act left off.

There is wide-ranging support for this. Twenty-seven state legislatures have introduced resolutions of support, and eight passed at least one chamber. Dozens of city and county councils have endorsed including: Chicago, Philadelphia, Seattle, Los Angeles, San Francisco, Detroit, Cleveland, and many more.

Please add your name to cosponsor H.R.4052. And, many thanks again for all your work on behalf of the citizens of our state and the Nation.

▶ Created on March 18 by Jess Craven

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[tucson-progressive]

Tomorrow I am interviewing three supporters of HR3339 which would create a National Infrastructure Bank to fund infrastructure projects across the country. The US invests far less in infrastructure than our economic competitors like China, Japan and Europe. We are losing our international competitiveness because of crumbling infrastructure and lack of investment in innovation like nationwide broadband, affordable housing and high speed rail. Rebuilding our infrastructure will rebuild our economy and provide good, stable jobs. The US has had four national banks in its history, most recently FDR's Reconstruction Finance Corporation which the built the infrastructure to make the US a manufacturing powerhouse. This bank will be modeled after these previous successful US public banking projects. NIB supporters are seeking Congressional co-sponsors. Please encourage your Congressional representatives to sign on to HR3339. None of Arizona's reps are co-sponsors ... yet. The National Infrastructure Bank will be the subject of Season 2 Episode 13 of A View from the Left Side which will be published later this week. My good friend Ellen Brown, Chair of the Public Banking Institute, will be one of my guests. #nationalinfrastructurebank #publicbanking #publicbankinginstitute @palf_aflcio @morgan_abraham @senquezada29 @ld18dems @520barrionc @engelforarizona @repraulgrijalva @kirkpatrickforcongress (at Tucson, Arizona) https://www.instagram.com/p/CgvGvzqvW2iHSMG-Ehixz5sH_PgCluEbX6NfUk0/?igshid=NGJjMDIxMWI=

#nationalinfrastructurebank #publicbanking #publicbankinginstitute