SR 36 New Jersey Senate · 2024-2025 Regular Session

Urges Congress to establish national infrastructure bank.

New Jersey's Senate passed SR 36 urging Congress to support H.R.3339, a bill that would establish a national infrastructure bank to fund large-scale projects. The resolution cites a $6 trillion infrastructure funding gap identified by the American Society of Civil Engineers and notes New Jersey's deteriorating infrastructure, with only 29% of roads and 27% of bridges in good condition. It argues the bank - modeled after commercial banks and funded by trading U.S. Treasury bonds - would address current funding shortfalls for critical projects like transportation, energy, and broadband. The resolution specifically references pending federal legislation (H.R.3339) as the mechanism for creating this bank.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Senate, Referred to Senate Commerce Committee
upper
1 primary · 2 co-sponsors

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