Infrastructure Bank

The Pennsylvania State Capitol.

Memorial for Infrastructure Bank Introduced in Pennsylvania

Dec. 30, 2019—On December 16, the state of Pennsylvania became the most recent state to put a Memorial in support of Congress establishing a National Infrastructure Bank on its agenda. On that day, Democratic Representative Ed Neilson (Philadelphia County) introduced HR 636, A Resolution Urging the Congress of the United […]

by December 30, 2019 Infrastructure Bank, News Shorts
Federal Reserve Bank of New York

Trillions for Wall Street, Zip for Infrastructure!

By Nancy Spannaus Dec. 21, 2019—As of this writing, the Federal Reserve continues to pour out tens of billions of dollars a day into the Wall Street-centered banks, in the alleged interest of “providing liquidity” in the repo market. Yet, when it comes to providing funds (call it credit) for […]

by December 21, 2019 Infrastructure Bank, News
Michigan state house

National Bank Resolution Introduced in Michigan

Sept. 23, 2019—The following resolution was submitted to the Michigan State Senate on Sept. 13.  More than a dozen other state legislatures are considering similar resolutions. Over the course of 2019, three state legislatures–Illinois, South Carolina, and Alabama–have passed the resolution. A model draft of legislation for a Federal bill […]

by September 23, 2019 Infrastructure Bank, News Shorts
The recent Amtrak derailment in Washington State--the result of infrastructure on the cheap.

Conditions Overripe for an Infrastructure Bank

By Nancy Spannaus July 24, 2019—Conditions are overripe, so to speak, for the adoption of a $4 trillion dollar National Infrastructure Bank, whose updated text I reprint below. Indeed, any delay will only worsen the consequences of an inevitable collapse of an aspect of our crumbling basic infrastructure, our bloated-to-bursting […]

by July 24, 2019 Infrastructure Bank, News
Angela Vullo, Stuart Rosenblatt, and Ralph Stresa testify at the Akron City Council.

Akron City Council Passes Bank Resolution

June 18, 2019—At a meeting last night, the Akron City Council passed a resolution calling on the U.S. Congress to enact legislation establishing a National Infrastructure Bank. The passage had been preceded by extensive discussion. On June 13, sponsors of legislation to create a National Infrastructure Bank testified at City […]

Charleston harbor, one of the few projects funded to completion in the 2020 budget.

A Baby Step on Infrastructure Funding

By Nancy Spannaus May 15, 2019—On May 8, the House Transportation and Infrastructure Committee, under Chairman Peter DeFazio, took a baby step toward increasing Federal spending on vital national infrastructure. It passed out of Committee HR 2440, a bill which would allow the Army Corps of Engineers to utilize the […]

by May 15, 2019 Infrastructure Bank, News
Electrical engineers at a construction site. They will be in high-demand when we launch a National Infrastructure Bank. (dreamstime)

Where’s the Money? In a National Infrastructure Bank!

By Nancy Spannaus May 13, 20190—Where can we get the money for the trillions of dollars of infrastructure spending the United States needs?  The answer is: in a Hamiltonian National Infrastructure Bank. A coalition of hundreds of organizations assembled in #BuildforTomorrow kicked off the seventh National Infrastructure Week today. Dozens […]

by May 13, 2019 Infrastructure Bank, News
Forczek addresses the Jersey City Muncipal Council in May 2019.

NJ Magazine Features Call for Infrastructure Bank

By Nancy Spannaus May 6, 2019—NJ Municipalities, the magazine of the New Jersey League of Municipalities, has recently published a call for a National Infrastructure Bank (NIB) under the headline: “National Infrastructure Bank: A Hamiltonian Solution to the National Infrastructure Crisis.” It was written by retired transportation executive Stanley Forczek, who […]

by May 6, 2019 Infrastructure Bank, News
Hamilton statue outside the U.S. Treasury building

Hamiltonian Banking: Key to Infrastructure Funding

By Nancy Spannaus May 2, 2019—If Congress and the President are serious about funding a long overdue national infrastructure program, Hamiltonian banking must be the subject of their discussions over the coming weeks. A model proposal for a Hamiltonian National Infrastructure Bank has been proposed by this blog for nearly […]

Illinois infrastructure needs as determined by the American Society of Civil Engineers.

Illinois Assembly Passes Infrastructure Bank Resolution

April 8, 2019—On April 2, the General Assembly of the state of Illinois passed HR0014, a resolution memorializing Congress to establish a New National Infrastructure Bank. The resolution was introduced by Rep. Mary Flowers (D-31) in late December.  It passed the Financial Institutions Committee on March 19. The resolution now […]