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HJ1 hearing: supporters urge Congress to create a $5 trillion national infrastructure bank; Maryland could tap loans, witnesses say
Summary
Sponsor told the committee a national infrastructure bank would provide an off‑budget, revolving source to finance major projects; expert witnesses said a proposed $5 trillion bank could make up to $78 billion available to Maryland over 10 years.
Delegate Lily Qi presented House Joint Resolution 1 urging Congress to enact legislation to create a national infrastructure bank (NIB). She said the bridge collapse on the Francis Scott Key Bridge demonstrated the country’s need for a new federal funding mechanism and argued Maryland and other states face a growing infrastructure-finance gap.
"The solution is a national infrastructure bank," Delegate Qi said. She told the committee the NIB model proposed to Congress would be a revolving,…
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