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HR 3

National Infrastructure Bank; urging Congress to create to finance infrastructure projects.

2026 Regular Session Introduced by Nadarius Clark and 5 co-sponsors

Virginia resolution urging Congress to establish a federally-backed National Infrastructure Bank to finance large-scale U.S. infrastructure projects more efficiently.

Subcommittee recommends laying on the table (5-Y 0-N)
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Bill Summary · HR 3

Legislative bill overview

HR 3 is a Virginia state resolution urging Congress to establish a National Infrastructure Bank—a federal financing institution designed to fund large-scale infrastructure projects across the United States. The bill does not create the bank itself but rather advocates for Congress to do so through a formal legislative request from the state.

Why is this important

A National Infrastructure Bank could provide dedicated, long-term financing for major projects like transportation, water systems, and broadband expansion that might otherwise struggle to secure funding. This reflects ongoing debate about whether existing federal infrastructure funding mechanisms are adequate or whether a specialized bank modeled after similar institutions in other countries could improve project efficiency and completion rates.

Potential points of contention

  • Federal vs. state authority: Questions about whether a new federal entity is necessary versus improving existing programs, and concerns about federal overreach in local infrastructure decisions
  • Financing mechanism and costs: Disagreement over how the bank would be capitalized, whether it requires new federal spending, and how it would affect the national budget
  • Project selection criteria: Uncertainty about what projects qualify for funding and whether selection would favor certain regions or industries over others, potentially creating winners and losers among states and sectors

Compiled from official sources — confirm details with the bill’s official record.

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