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Committee hears resolution urging Congress to create $5 trillion National Infrastructure Bank; assigns measure to subcommittee
Summary
House Resolution 131, urging congressional creation of a National Infrastructure Bank to finance large-scale projects, was presented with a guest economist outlining potential benefits and risks; the committee assigned the resolution to the energy subcommittee for further review.
Representative Whit Park presented House Resolution 131 to the House Energy, Utilities & Telecommunications Committee, urging support for a proposal that would ask Congress to establish a $5 trillion National Infrastructure Bank (NIB) to finance major infrastructure projects.
"HR 131 urges Congress to establish a $5,000,000,000,000 national infrastructure bank," the sponsor said. The presentation emphasized gaps in water, stormwater, and other infrastructure noted by the American Society of Civil Engineers and argued the bank would complement existing federal programs.
Alfeka Muhtardi, lead economist on the proposal and identified as a former International Monetary Fund economist, told the committee the NIB…
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