HR60 Alabama 2017 Session

Summary

Primary Sponsor

Thomas JacksonRepresentative

Democrat

Session

Regular Session 2017

Title

Economic recovery, urging Congress to adopt an economic recovery program

Summary

A Alabama House resolution urging Congress to adopt an American Recovery program with banking reform, national credit, infrastructure, and space/energy initiatives.

What This Bill Does

It urges Congress to adopt an American Recovery program with components like restoring Glass-Steagall banking separation, creating a national banking and federal credit system, and funding major infrastructure projects such as high-speed rail, power and water systems, and a revitalized space program, including fusion energy research. It is a statement of Alabama's position and does not itself change state law. If acted on, it could influence banking regulation, credit access for industry, and large-scale infrastructure and space initiatives. Copies would be sent to Alabama's congressional delegation and the U.S. president.

Who It Affects

• United States Congress and federal government would be urged to adopt the proposed program, affecting nationwide banking rules, credit, infrastructure, space, and energy initiatives.
• Alabama residents and the state's economy would be impacted indirectly if Congress acts on the proposal; the resolution itself does not create new state laws or programs.

Key Provisions

• Restore the provisions of the Glass-Steagall Act and support HR 381 in the U.S. House and S. 1709 in the U.S. Senate to separate investment and commercial banking.
• Return to a national banking and federal credit system modeled on Hamilton's principles and related historical programs (Greenbacks, Reconstruction Finance Corporation, New Deal infrastructure, space program).
• Use the federal credit system to build a modern network of high-speed rail, power generation (including nuclear), water projects, and other critical infrastructure.
• Launch an immediate rebuild of the space program to explore the solar system and pursue nuclear fusion energy research.

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