On April 8, 2024, the following was released to the media: “Our Revolution, Progressive Democrats of America, and The State Democratic Party Progressive Network Introduce 2024 Progressive Platform Proposals (PPP).” Included in the Progressive Platform is a significant plank in support of HR4052, and the National Infrastructure Bank.

The 2024 presidential election presents a challenge for progressives to preserve and amplify our voice while fighting the most dangerous threat to US democracy in our nation’s history.

We believe our best strategy to advance both goals is for progressives to advocate for a policy agenda that builds and expands upon progressive elements of President Biden’s original Build Back Better (BBB) plan, become state and national delegates at the Democratic Party conventions, and elect President Biden for a second term.

With our support and voice, progressives may persuade and enable President Biden to achieve more progressive policy objectives during his second term and prevent a fascist takeover.

Therefore, we will submit the following policy proposals to the Democratic Party Platform Committee in advance of this summer’s Democratic National Convention in Chicago, and we will organize support for these proposals across the country in the lead up to the DNC.

We intend this to be a unifying effort, urge the second Biden administration to fulfill the ten (10) policy objectives outlined in these proposals, and invite the Democratic presidential campaign to engage in dialogue with us to achieve unity and progressive electoral support around them.



Use all means available to establish an adequately sized National Infrastructure Bank (NIB), as conceived in HR 4052 (118th Congress), and called for in the 2020 DNC platform, to bolster and complement the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS Act.



This “NIB” will be a separate institution operating alongside the Budget, designed to complement existing capital improvements currently being financed through Federal, state, and local budgets. It is set up as a federally established, mixed-ownership, incorporated bank, and capitalized with Treasury securities held by the private sector. Because the NIB will be financially self-sufficient, it does not rely on Federal taxes, spending, or debt. With a lending capacity of $5 trillion, the NIB is large enough to fully cover the $2.6 trillion infrastructure financing gap identified by the American Society of Civil Engineers, as well as other needed projects like affordable housing and high speed rail. This bill is labor friendly, requiring union-level Davis-Bacon Wages, Buy America, and project labor agreements in the states where the latter are permitted. And it will create up to 25 million new family-sustaining wage jobs for low- and middle-income workers who need them the most. Meanwhile, the NIB will supercharge economic growth, with no new inflation, and improve local revenues, ensuring that all loans are repaid. This New Deal policy has been instituted successfully four times before in our nation’s history, starting with the First Bank of the United States created in 1791 by Treasury Secretary Alexander Hamilton, and ending with FDR’s Reconstruction Finance Corporation (RFC). The NIB is strongly endorsed by state and local government officials across the country.