HR79 Alabama 2023 Session

Summary

Primary Sponsor

Thomas JacksonRepresentative

Democrat

Session

Regular Session 2023

Title

SUPPORTING A NATIONAL INFRASTRUCTURE BANK.

Summary

The Alabama House resolution asks Congress to create a National Infrastructure Bank to finance infrastructure projects nationwide.

What This Bill Does

If enacted, the bill would express Alabama’s support and urge Congress to pass HR3339 or similar legislation to establish a National Infrastructure Bank (NIB). The NIB would be funded by existing treasury debt (no new spending or taxes) and would finance infrastructure projects in partnership with state and local governments, aiming to create jobs and improve infrastructure nationwide. It also describes hoped-for outcomes like Buy America provisions, assistance for disadvantaged and minority-owned businesses, broader opportunities for small and medium-sized businesses, and increased revenues for state and local governments.

Who It Affects

• Alabama residents (rural and urban) who would benefit from improved roads, bridges, water systems, broadband access, and related infrastructure, as well as job creation.
• Small and medium-sized businesses, disadvantaged and minority-owned enterprises, and state/local governments that would gain funding opportunities, contracts, and potential economic growth.

Key Provisions

• The Alabama House resolves to urge the U.S. Congress to pass HR3339 or similar legislation to create a National Infrastructure Bank (NIB) to finance urgently-needed infrastructure projects.
• The NIB is described as a $5 trillion bank funded by existing treasury debt, with no new federal spending or taxes required.
• The NIB would finance infrastructure projects nationwide in partnership with state and local governments, with the goal of building infrastructure and creating jobs in both rural and urban communities.
• The bank is said to include Buy America provisions, provide significant disbursements to disadvantaged business enterprises, and mandate large-scale minority hiring.
• The NIB is expected to expand small and medium-sized businesses and increase revenues for state and local governments, potentially growing the economy (cited as about 5% per year).
• The bill cites endorsements from various organizations and calls for copies of the resolution to be sent to the Alabama delegation, Congress, the governor, and the U.S. president.

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