PENNSYLVANIA, July 20 - Secretary Alexander Hamilton with the First Bank of the United

States and has been successfully used four times in our nation's

history, including under Presidents John Quincy Adams, Abraham

Lincoln and Franklin Roosevelt; and

WHEREAS, A new national infrastructure bank will create 25

million new high-paying union jobs in the process and help end

poverty in our nation's rural and urban areas; and

WHEREAS, A new national infrastructure bank can help finance

many projects the nation needs, including high-speed rail,

roads, bridges, schools, water systems, flood control and many

others; and

WHEREAS, Franklin Roosevelt's national infrastructure bank,

the Reconstruction Finance Corporation, not only helped build

Pennsylvania's infrastructure but it also paid for much of the

industrial output of World War II, making Pennsylvania a

critical state in our nation's efforts, not only of producing

critical components to the war effort but also key in the

manufacturing and processing of steel, the backbone of the

country; and

WHEREAS, A new national infrastructure bank has been endorsed

by many organizations, including the National Latino Farmers and

Ranchers Trade Association, the National Congress of Black Women

and the Democratic Municipal Officials; and

WHEREAS, In support of a new national infrastructure bank, 17

state legislatures have introduced resolutions, three state

houses passed resolutions in a bipartisan vote this spring and

many city and county councils have done the same; therefore be

it

RESOLVED, That the Senate of the Commonwealth of Pennsylvania

urge the Congress of the United States to establish a national

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