National Infrastructure Bank.

GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
H 1
HOUSE RESOLUTION 769

Sponsors: Representative Willingham.
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to: Rules, Calendar, and Operations of the House
April 7, 2025
*H769-v-1*
A HOUSE RESOLUTION U RGING CONGRESS TO EN DORSE A NATIONAL 1
INFRASTRUCTURE BANK. 2
Whereas, the American Society of Civil Engineers (ASCE) stated in its 2021 report 3
card that the United States received a grade of C - regarding the current state of infrastructure, 4
and that six trillion dollars ($6,000,000,000,000) would be needed to restore the nation's 5
infrastructure to a state of good repair; and 6
Whereas, nearly three trillion dollars ($3,000,000,000,000) is currentl y not funded 7
and the remainder is inadequately funded; and 8
Whereas, new, twenty-first century projects are also unfunded; and 9
Whereas, according to ASCE, thirty-three percent (33%) of North Carolina roads are 10
in poor or fair condition and seven percent (7%) were structurally deficient in 2021; and 11
Whereas, according to the Department of Transportation, 1,150, or eight and 12
four-tenths percent (8.4%), of the State's bridges were considered in poor condition and it is 13
estimated that it will cost for repairs of these bridges four billion dollars ($4,000,000,000); and 14
Whereas, according to ASCE, North Carolina needs seventeen billion dollars 15
($17,000,000,000) to fund drinking water repairs and replacement, and five billion eight hundred 16
million dollars ($5,800,000,000) to fund wastewater systems; and 17
Whereas, North Carolina has over 370,000 lead water service lines needing 18
immediate replacement at a cost of at least four billion dollars ($4,000,000,000); and 19
Whereas, there is a shortage of at least 200,000 units o f affordable housing for those 20
most housing insecure; and 21
Whereas, a new high -speed rail system from Atlanta to Washington, D.C., running 22
through North Carolina would transform travel in North Carolina; and 23
Whereas, Congress introduced H.R. 4052, The Natio nal Infrastructure Bank Act 24
(NIB), to create a new National Infrastructure Bank and to authorize five trillion dollars 25
($5,000,000,000,000) for the bank to invest in infrastructure projects only; and 26
Whereas, the NIB requires no new federal spending and no new federal taxes as it 27
would be capitalized by existing Treasury debt, as was done previously in this nation's history; 28
and 29
Whereas, the NIB is modeled on previous banks which helped build much of our 30
infrastructure under Presidents George Washington, Ja mes Madison, Abraham Lincoln, and 31
Franklin D. Roosevelt, the last of whom helped end the Great Depression and win World War II; 32
and 33
Whereas, the NIB will create 25,000,000 new high -wage jobs, and mandate Buy 34
America provisions, provide significant disburse ments to disadvantaged business enterprises, 35
General Assembly Of North Carolina Session 2025
Page 2 House Resolution 769-First Edition
mandate large-scale minority hiring, and, according to experts, grow the economy by five percent 1
(5%) per year, as did its predecessors; and 2
Whereas, the NIB will help finance all the infrastructure needs of Nor th Carolina in 3
conjunction with regular budgets, will have financing to rebuild all of North Carolina from the 4
hurricane damage in 2024, will finance infrastructure projects and create jobs in rural and urban 5
communities, will finance all the bridge and road repairs, will fix all the drinking water systems, 6
will replace all lead water service lines quickly, will build all needed affordable housing units, 7
will install broadband everywhere, will finance all mass transit projects, and will build passenger 8
and high-speed rail lines; and 9
Whereas, many organizations have issued endorsements, including the National 10
Hispanic Caucus of State Legislators, the National Black Caucus of State Legislators, the 11
National Asian-Pacific American Caucus of State Legislators, N ACO, NADO, the U.S. High 12
Speed Rail Association, the United Association of Plumbers and Steamfitters International 13
Union, and others, and 30 state legislatures have introduced or passed resolutions of support, as 14
have county and city councils; Now, therefore, 15
Be it resolved by the House of Representatives: 16
SECTION 1. The North Carolina House of Representatives hereby calls upon the 17
United States Congress to pass H.R. 4052, or its equivalent, to create a National Infrastructure 18
Bank to finance urgently needed infrastructure projects. 19
SECTION 2. Copies of this resolut ion shall be transmitted to the North Carolina 20
delegation to Congress, the Governor, and to the President of the United States. 21
SECTION 3. This resolution is effective upon adoption. 22