HR150 Alabama 2023 Session

Summary

Primary Sponsor

Thomas JacksonRepresentative

Democrat

Session

Regular Session 2023

Title

ALABAMA DEMOCRATIC CAUCUS SUPPORTS NATIONAL INFRASTRUCTURE BANK.

Summary

The Alabama House resolution expresses support for a National Infrastructure Bank and urges Congress to pass HR3339 or similar legislation to create it.

What This Bill Does

It explains why a National Infrastructure Bank is needed and expresses support for creating one funded by existing treasury debt (no new federal spending or taxes). It describes how the bank would finance infrastructure projects with state and local partners, create jobs, and require Buy America provisions, assistance for disadvantaged and minority businesses, and broad economic benefits. It notes the resolution is a statement of support and does not itself change Alabama law or spending; it asks Congress to act.

Who It Affects

• Alabama residents and workers who would benefit from improved roads, bridges, broadband, and other infrastructure if federal funding is provided through the bank
• Alabama local governments and small/medium businesses that would participate in funded projects and potentially see increased economic activity and revenue

Key Provisions

• The Alabama House calls on the U.S. Congress to pass HR3339 or similar legislation to create a National Infrastructure Bank to finance urgently needed infrastructure projects
• The National Infrastructure Bank is described as a $5 trillion bank funded by existing treasury debt (no new federal spending or taxes) intended to finance infrastructure projects
• The bank would finance projects in partnership with state and local governments, with goals of job creation, prevailing wages, Buy America provisions, significant disbursements to disadvantaged businesses, large-scale minority hiring, and expansion of small and medium-sized businesses, leading to increased state and local government revenues
• Endorsements and support from various organizations and state legislatures are noted as part of the bill
• The resolution requires copies to be transmitted to the Alabama delegation, Congress, the Governor, and the President of the United States

AI-generated summary using openai/gpt-5-nano on Feb 22, 2026. May contain errors — refer to the official bill text for accuracy.

Subjects

National Infrastructure Bank, Supported