The United States is in the midst of a major infrastructure crisis. Many of our bridges, tunnels, roads, railways, dams, airports and utilities are in a state of decay. The Federal Infrastructure Bank – a federally chartered bank, privately owned, privately managed and privately funded – has the solution to that crisis.

The founders of the Federal Infrastructure Bank plan to establish a trillion-dollar wholesale bank to invest in U.S. infrastructure. Modelled after the Federal Home Loan Bank (FHLB), which has been highly successful for 91 years and has over 1 trillion dollars in total assets, the Federal Infrastructure Bank can do for infrastructure what the FHLB has done for housing.

Infrastructure is the foundation of all economic activity. As it crumbles, our economy will crumble. Our infrastructure crisis should be considered a national security priority, especially as our major competitor China forges ahead with its Belt and Road Initiative, an infrastructure network that will enable the Chinese government to control world trade and global economic development, while the U.S. remains fiscally handicapped. We urgently need to address this problem, but existing American fiscal policy is not working.

There are ample funds worldwide willing to invest in U.S. infrastructure. As a private bank, The Federal Infrastructure Bank will provide a conduit to attract and access those funds, enabling the U.S. economy to regain its footing on the global playing field.

Legislation has been introduced in the U.S. House of Representatives to create the Federal Infrastructure Bank. The Lead Sponsors are Rep. Daniel Webster (R, FL-11) and Colin Allred (D, TX-32). Click here to read the bill, H.R. 490, and track its progress.