Coalition for the National Infrastructure Bank (NIB)
$5 Trillion, 25 Million Jobs
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On December 21, 2023,the Journal of Critical Infrastructure Policy published,
"National Infrastructure Bank: A Permanent Solution and Timely Budget Work-Around."
To Our Supporters:
On December 21, 2023, the Journal of Critical Infrastructure Policy (JCIP) published a 10-page feature article in their Fall Issue: National Infrastructure Bank: A Permanent Solution and Timely Budget Work-Around.
This article, submitted by Stanley Forczek, Coalition for a National Infrastructure Bank Advisory Board, is an important intervention into the national debate on economic policy. It openly promotes HR4052, the National Infrastructure Bank Act as the permanent solution to the Nation’s infrastructure crisis.
In their words, “JCIP provides a platform for researchers, policy makers and a range of professional groups.” JCIP publishes peer-reviewed articles and reaches a large cross-section of institutions involved in infrastructure policy.
Please share this article with friends and colleagues, and definitely with your member of Congress. We are actively seeking more cosponsors on HR4052.
You can also submit the article to other journals, newspapers, and infrastructure-related policy groups. If you are capable of getting this published, and need assistance, please reach out to the Coalition for a National Infrastructure Bank. You can contact Communications Director Angela Vullo. avullo@nibcoalition.com
"National Infrastructure Bank:
A Permanent Solution and Timely Budget Work-Around"
Abstract
The passage of time, chronic underinvestment, and climate change have left America’s public infrastructure dangerously overstretched and vulnerable. The bipartisan Infrastructure Investment and Jobs Act (IIJA) of 2021 provided billions of dollars in new Federal spending for infrastructure. While a significant start, the IIJA addressed only a small fraction of the nation’s current, unfunded needs. A $5 trillion National Infrastructure Bank, as proposed in HR4052, would fill that gap, provide technical/regulatory assistance, and turbocharge the American economy, with no need for added spending, taxes, or increases to the National Debt.
Introduction
In the landscape of industrialized economies, the United States stands as a testament to the critical role of robust infrastructure in driving economic vitality. The intricate network of transportation, digital communications, energy grids, and water systems forms the backbone of the nation’s economic engine, catalyzing growth and enhancing the quality of life.
Investment in public infrastructure is not merely a matter of maintenance or upgrade; it is a strategic imperative for economic expansion and social progress. Conversely, the failure to adequately invest in and modernize public infrastructure can have dire consequences. Stagnation in infrastructure development can serve as a precursor to broader economic malaise. Outdated or inadequate infrastructure hampers efficiency, stifles innovation, and can create obstacles that impede economic activity. The ramifications may extend beyond mere economic metrics; they can erode the fabric of communities, as deteriorating infrastructure disproportionately affects disadvantaged populations.
Businesses, particularly those reliant on efficient supply chains and logistics, encounter escalating operational costs as they navigate the repercussions of neglected infrastructure. The resulting inefficiencies not only diminish the competitive edge of businesses but also contribute to increased costs for consumers.
And competitor countries that heavily invest in critical infrastructure have a distinct advantage in economic efficiencies, bringing products to market, and growing their industrial base.
Thus, the imperative for continuous investment in public infrastructure is clear. It is a critical lever for economic stability and social equity, ensuring that both businesses and families not only survive but thrive. As we chart the course for future economic policy, prioritizing infrastructure investment is a commitment to the United States’ collective prosperity and well-being.
(Excerpt)
Organizing Flyer for HR 4052 Mobilization
Latest
On March 28, 2024, the Northwest Citizen published an Article on H.R.4052 for the National Infrastructure Bank
On March 22, 2024, the Wisconsin Assembly introduced a joint resolution in support of a National Infrastructure Bank
On March 2, 2024, the Lakeshore Rail Alliance passed a resolution in support of a National Infrastructure Bank
On February 27, 2024, the Wisconsin House of Representatives introduced a resolution in support of a National Infrastructure Bank
In February 2024, the Illinois Senate introduced a joint resolution in support of a National Infrastructure Bank
On February 20, 2024, the Indiana House of Representatives introduced a resolution in support of a National Infrastructure Bank
On February 8, 2024, the Vermont Community Newspaper Group published an Op-Ed on H.R.4052 for the
National Infrastructure Bank
On February 8, 2024, the New York City Council introduced a resolution in support of a National Infrastructure Bank
On January 25, 2024, the Utah House of Representatives introduced a resolution in support of a National Infrastructure Bank
On January 18, 2024, the New Mexico Senate introduced a joint resolution in support of a National Infrastructure Bank
On January 18, 2024, the New Jersey Senate introduced a resolution in support of a National Infrastructure Bank
On January 5, 2024, the Kentucky House of Representatives introduced a resolution in support of a National Infrastructure Bank
On January 4, 2024, The Detroit News published a Letter to the Editor on H.R.4052 for the National Infrastructure Bank
On June 29, 2023, The Bond Buyer published an article on H.R.4052 for the National Infrastructure Bank
Contact Us info@nibcoalition.com
Coalition for a National Infrastructure Bank
P.O. Box 1029
Leesburg, VA 20177
info@nibcoalition.com