Maryland House Bill HJ2

Maryland 2026 Regular Session

• Introduced: 1/14/26
• Refer: 1/14/26

Caption

United States of America - National Infrastructure Bank

Impact

If passed, the resolution is expected to open avenues for a $5 trillion financial mechanism to support the rehabilitation of aging infrastructure and the development of new projects. The proposed National Infrastructure Bank would collaborate with states to finance a wide array of projects, addressing critical needs such as broadband expansion, lead water line replacements, and public transit improvements. This could foster job creation, anticipated at around 25 million new jobs, while reinforcing engagement with disadvantaged business enterprises and ensuring compliance with the 'Buy America' provisions that support local economies.

Summary

House Joint Resolution 2 urges the U.S. Congress to establish a National Infrastructure Bank aimed at tackling the critical investment needs in the United States' infrastructure. The bill highlights significant shortcomings in current infrastructure projects, noting that the American Society of Civil Engineers has rated the condition of the country's infrastructure as a 'C' and identified an estimated need for over $9 trillion in funding. The legislation emphasizes the urgent necessity for improvements in Maryland's infrastructure, including roads, bridges, and housing, as well as the need to alleviate traffic congestion that costs drivers billions of dollars yearly.

Contention

The primary points of contention surrounding HJ2 involve debates over funding mechanisms and the management of federal resources. Supporters argue that the bank would not require new federal spending or taxation, claiming it would spur economic growth by reviving sectors significantly hampered by infrastructure deterioration. However, critics may voice concerns over reliance on federal solutions for local issues, as well as the potential for bureaucratic inefficiencies in the allocation of funds and prioritization of projects. Despite these challenges, there is notable bipartisan and organizational support for the resolution, drawing from various stakeholders including state legislatures and national advocates for infrastructure development.