Wisconsin 2023-2024 Regular Session

Wisconsin Assembly Bill AJR143 Compare Versions

Only one version of the bill is available at this time.

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1	1	LRB-4588/1
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3	3	2023 - 2024 LEGISLATURE
4	4	2023 ASSEMBLY JOINT RESOLUTIO N 143
5	5	March 22, 2024 - Introduced by Representatives STUBBS, MADISON, BALDEH, DRAKE,
6	6	MOORE OMOKUNDE and SUBECK, cosponsored by Senator ROYS. Referred to
7	7	Committee on Rules.
8	8	Relating to: supporting the creation of a National Infrastructure Bank.
9	9	Whereas, the American Society of Civil Engineers stated in its 2021 report card
10	10	that the United States received a grade of C- regarding its current state of
11	11	infrastructure, and that more than $6 trillion would be needed to restore the nation's
12	12	infrastructure to a state of good repair; over $2 trillion is currently not funded, and
13	13	the remainder is inadequately funded. In addition, new, 21st century projects
14	14	remain unfunded; and
15	15	Whereas, HR 4052, the National Infrastructure Bank Act, was introduced in
16	16	Congress to create a new National Infrastructure Bank. This legislation creates a
17	17	$5 trillion bank, authorized to invest in infrastructure projects only. The legislation
18	18	requires no new federal spending and no new federal taxes, and it would be
19	19	capitalized by existing treasury debt, as was done previously in U.S. history; and
20	20	Whereas, Wisconsin infrastructure received a C grade from the American
21	21	Society of Civil Engineers; and
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39	39	Whereas, Wisconsin needs $8.6 billion to address drinking water infrastructure
40	40	deficiencies and $6.3 billion for wastewater infrastructure maintenance and
41	41	upgrades; and
42	42	Whereas, Wisconsin has 200,000 lead service lines needing to be replaced, and
43	43	the Bipartisan Infrastructure Law covers $800 million in drinking water needs and
44	44	partially covers other water needs; and
45	45	Whereas, deficient roads cost drivers $6 billion annually due to wear and tear,
46	46	wasted fuel, and repair costs; the American Road and Transportation Builders
47	47	Association identified 1,955 bridges in Wisconsin that require repair, with an
48	48	estimated price tag of $1.4 billion; and Wisconsin has an estimated $7.5 billion
49	49	shortfall in all road, bridge, and transportation needs after Bipartisan
50	50	Infrastructure Law investments; and
51	51	Whereas, Wisconsin has a shortage of 127,000 units of affordable housing for
52	52	the most housing-insecure; and
53	53	Whereas, a new National Infrastructure Bank will help finance all the
54	54	infrastructure of Wisconsin in partnership with state and local governments, both
55	55	rural and urban, and Wisconsin would receive nearly $100 billion from the National
56	56	Infrastructure Bank, which would create at least 417,000 new high-wage jobs; and
57	57	Whereas, the National Infrastructure Bank is modeled on previous banks that
58	58	helped build much of our infrastructure under Presidents George Washington,
59	59	James Madison, Abraham Lincoln, and Franklin D. Roosevelt; the last such bank
60	60	helped bring us out of the Great Depression and win World War II; and
61	61	Whereas, the National Infrastructure Bank will create 25 million new jobs, pay
62	62	prevailing wages, and include Buy America provisions, and Disadvantaged Business
63	63	Enterprises will receive significant disbursements; and
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92	92	Whereas, HR 4052 mandates large-scale minority, veteran, and former
93	93	prisoner hiring, the dramatic expansion of small- and medium-size businesses, and
94	94	an increase in revenues for state and local governments; and
95	95	Whereas, according to experts, the National Infrastructure Bank will grow the
96	96	economy by 5 percent per year, as did its predecessors; and
97	97	Whereas, many organizations have issued endorsements and 26 state
98	98	legislatures have introduced or passed resolutions of support, as have county and
99	99	city councils. National endorsements include Dodge County, the Wisconsin Board of
100	100	Supervisors, the Chicago City Council, the National Black Caucus of State
101	101	Legislators, the National Asian-Pacific American Caucus of State Legislators, the
102	102	National Hispanic Caucus of State Legislators, the National Association of
103	103	Development Organizations (all 541 Regional Planning Commissions), the National
104	104	Association of Counties, the United Association of Plumbers and Steamfitters, and
105	105	many more; now, therefore, be it
106	106	Resolved by the assembly, the senate concurring, That the Wisconsin
107	107	Legislature supports the creation of a National Infrastructure Bank to finance
108	108	urgently needed infrastructure projects and supports actions that create it, such as
109	109	HR 4052; and, be it further
110	110	Resolved, That the assembly chief clerk shall provide a copy of this resolution
111	111	to the governor, the U.S. congressional delegation for Wisconsin, and the President
112	112	of the United States.
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