WHEREAS, The infrastructure crisis in Pennsylvania mirrors
that of the country at large; and
WHEREAS, ASCE's 2022 Infrastructure Report Card gave
Pennsylvania a cumulative grade of "C-" across 15 categories,
including a "C-" for roads, a "D+" for bridges and a "D" for
public transit; and
WHEREAS, ASCE noted that Pennsylvania ranks 45th in the
nation in terms of congestion delays, jeopardizing key freight
routes; and
WHEREAS, ASCE further noted that Pennsylvania's aging
drinking water infrastructure poses increased public health
risks and will require an additional $10.2 billion in funding
over the next decade; and
WHEREAS, It is past time that the Federal Government develop
a collaborative solution to these infrastructure problems
through the establishment of a national infrastructure bank; and
WHEREAS, A national infrastructure bank is not a new idea,
having been successfully implemented first by President George
Washington and Treasury Secretary Alexander Hamilton and later
by Presidents John Quincy Adams, Abraham Lincoln and Franklin D.
Roosevelt; and
WHEREAS, Previous national infrastructure banks established
by the Congress of the United States were instrumental in
financing the roads, bridges, canals, roadways, schools,
hospitals and power systems that made our country the envy of
the world; and
WHEREAS, A national infrastructure bank that partners with
state and local governments can supply the needed financing to
bring infrastructure to a state of good repair; and
WHEREAS, This investment would restart various industries in
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