TALKING POINTS FOR A $5 TRILLION NATIONAL INFRASTRUCTURE BANK

HOW THE NIB WORKS:

• Created: as a government-owned, depository bank

• Capitalized: with existing, privately-owned Treasuries in exchange for preferred stock, paying an additional 2% interest

• Lends: to states and local governments for targeted infrastructure projects at low rates

• Requires no new Federal Debt, no new Taxes and is Budget Neutral

• A National Bank has been used successfully four times in American history, beginning with its creation by Alexander Hamilton, and used by Presidents John Quincy Adams, Abraham Lincoln, and Franklin Roosevelt with the Reconstruction Finance Corporation

• Would build all of our crumbling infrastructure, including mass transit, high-speed rail, water systems, transmission grids, urban and rural broadband, schools, affordable housing, and more

• Would create 25 million new jobs, paying Davis-Bacon wages, promote Project Labor Agreements, and Buy American, while promoting apprentice programs for youth to acquire long-term skills

• Would reduce income inequality, by increasing wages, building the middle class, and investing in disadvantaged communities and low income areas

Call your local elected official, union, or other organization and ask them to pass a resolution endorsing a National Infrastructure Bank and to support the Congressional Bill H.R. 4052 (introduced in 2023) or similar legislation introduced in 2021, creating a National Infrastructure Bank. (You can use the Sample Resolution as a template for getting an endorsement.)

Call Your Congressional representative, and ask them to co-sponsor a Bill creating a National Infrastructure Bank, based upon HR 4052 (2023).