Full Text of HR0434 102nd General Assembly
HR0434 102ND GENERAL ASSEMBLY |
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| 1 | | HOUSE RESOLUTION
| 2 | | WHEREAS, The American Society of Civil Engineers (ASCE) | 3 | | stated in its 2021 report card that the United States received | 4 | | a grade of C- regarding the current state of infrastructure | 5 | | and that more than six trillion dollars would be needed to | 6 | | restore the nation's infrastructure to a state of good repair; | 7 | | an amount totaling over two and a half trillion dollars is | 8 | | currently not funded, and the remainder is inadequately | 9 | | funded; new, 21st century projects are unfunded; and
| 10 | | WHEREAS, Illinois received a grade of C- from the ASCE in | 11 | | 2018; Illinois roadways were ranked third worst nationally for | 12 | | travel delay, excess fuel consumed, truck congestion cost, and | 13 | | total congestion cost; this cost Illinois' motorists $566 per | 14 | | year for a total of $4.8 billion; transit systems in Illinois | 15 | | are in need of funding; and
| 16 | | WHEREAS, Current multi-year capital needs for transit in | 17 | | the Chicagoland area require an annual funding level of | 18 | | between $2 and $3 billion to reach a state of good repair, and | 19 | | funding has not been identified; Chicago has 400,000 lead | 20 | | service lines and has the worst documented lead line problem | 21 | | in the nation; the cost of replacement will be at least $11 | 22 | | billion; and
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| 1 | | WHEREAS, Illinois is home to one of the most important | 2 | | rail hubs in the country, and rail revenue is integral to the | 3 | | State's economy; over $17.5 billion of substantial investments | 4 | | to the railroad infrastructure in Illinois are needed to | 5 | | accommodate just the expected 30 percent future growth in | 6 | | freight rail traffic; Chicago should also be a hub for | 7 | | increased passenger rail and a high speed rail for the entire | 8 | | Midwest; and
| 9 | | WHEREAS, A new National Infrastructure Bank (NIB) could | 10 | | directly help finance all of these projects; U.S. H.R. 3339, | 11 | | "The National Infrastructure Bank Act," which is sponsored by | 12 | | U.S. Representative Danny Davis of Illinois and supported by | 13 | | U.S. Representative Bobby Rush of Illinois, has been | 14 | | introduced to Congress; this resolution would create a $5 | 15 | | trillion bank that could help finance all infrastructure | 16 | | projects and provide higher paying infrastructure and related | 17 | | employment to those who lost their jobs during the pandemic; | 18 | | and
| 19 | | WHEREAS, The NIB is modeled on previous successful | 20 | | institutions, which built much of the nation's infrastructure | 21 | | including the infrastructure of Illinois; under Presidents | 22 | | George Washington, James Madison, Abraham Lincoln, and | 23 | | Franklin D. Roosevelt, similar institutions financed the | 24 | | roads, bridges, dams, railroads, canals, and other projects |
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| 1 | | that made us the envy of the world; the last NIB-like | 2 | | institution helped bring us out of the Great Depression and | 3 | | win World War Two; and
| 4 | | WHEREAS, The NIB will be capitalized by existing Treasury | 5 | | debt and will require no new federal spending and no new taxes; | 6 | | it will be authorized to spend $5 trillion in urgently needed | 7 | | infrastructure projects and will create over twenty million | 8 | | new jobs, pay Davis-Bacon wages, and ensure Buy American | 9 | | policies; it will direct spending into disadvantaged business | 10 | | enterprises and ensure substantial minority hiring; experts | 11 | | state that the NIB will increase Gross Domestic Product to the | 12 | | five per cent annual level, as did all previous institutions; | 13 | | and
| 14 | | WHEREAS, The NIB is supported by many organizations; 21 | 15 | | state legislatures have introduced or passed resolutions, and | 16 | | dozens of city and county councils have done the same, | 17 | | including the Chicago City Council; other endorsements include | 18 | | The National Congress of Black Women, the National Association | 19 | | of Counties, the Public Banking Institute, the National | 20 | | Federation of Federal Employees, the American Sustainable | 21 | | Business Council, the National Association of Minority | 22 | | Contractors, the National Latino Farmers and Ranchers, and | 23 | | many other labor and community organizations; therefore, be it
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| 1 | | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE ONE | 2 | | HUNDRED SECOND GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that | 3 | | we urge the Congress of the United States to pass U.S. House | 4 | | Resolution 3339 to create a National Infrastructure Bank to | 5 | | finance urgently needed infrastructure projects; and be it | 6 | | further
| 7 | | RESOLVED, That suitable copies of this resolution be | 8 | | delivered to every member of the Illinois Congressional | 9 | | Delegation, Governor JB Pritzker, and President Joe Biden.
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