HJR58 Alabama 2015 Session

Summary

Primary Sponsor

Thomas JacksonRepresentative

Democrat

Session

Regular Session 2015

Title

Congress urged to return United States to a constitutional credit system for economic recovery

Summary

This resolution urges Congress to restore a constitutional-style credit system to promote economic recovery through banking reforms, federal credit, infrastructure investment, and fusion power.

What This Bill Does

If enacted, the bill would push Congress to adopt a four-part program: reenact Glass-Steagall protections to separate banking activities; create a national banking and credit system with the Treasury generating direct federal credit; use that credit to fund infrastructure and boost productivity and living standards; and launch a crash program to develop and deploy nuclear fusion technology.

Who It Affects

• Banks and financial institutions, who would be affected by Glass-Steagall-style reforms and a national banking/credit system that changes how banking activities and assets are managed
• The general public (U.S. workers and households), who could benefit from improved infrastructure, more jobs, higher productivity, and potentially cheaper, advanced energy if the program is implemented

Key Provisions

• Reenact Glass-Steagall protections, including references to HR129 and S1282, to address risky bank assets and separate commercial and investment banking activities
• Return to a national banking and credit system modeled on Hamilton's Bank of the United States, the Reconstruction Finance Corporation, and Lincoln's Greenbacks, restoring the Treasury's role as the source of direct federal credit for infrastructure, industry, and farming
• Use the federal credit system to drive higher productivity and living standards by funding comprehensive infrastructure improvements (water, power, transportation) and supporting nuclear power and high-speed rail
• Launch a crash program to bring nuclear fusion online, funded to provide cheap, limitless power and enable new materials and industries

AI-generated summary using openai/gpt-5-nano on Feb 24, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

Resolutions, Legislative