The "National Infrastructure Bank Act of 2023" (H.R. 4052) was introduced in Congress to establish a National Infrastructure Bank (NIB) aimed at facilitating investments and financing infrastructure projects, as well as creating new jobs. The American Society of Civil Engineers (ASCE) has estimated that the United States needs approximately $6.1 trillion over the next decade to address all infrastructure needs. The ASCE's 2021 Report Card gave the U.S. a grade of C-, indicating a significant investment gap, with over $2 trillion currently unfunded and the rest inadequately funded.

The resolution highlights the poor state of infrastructure in Rhode Island, with specific mention of its bridges, water systems, and roads. It emphasizes the need for the NIB, which would provide up to $5 trillion in financing for infrastructure projects without additional federal taxes or increasing the national debt. The House of Representatives of the State of Rhode Island is calling on the U.S. Congress to pass H.R. 4052 and establish the NIB to finance critical infrastructure projects. The resolution also instructs the Secretary of State of Rhode Island to send certified copies of the resolution to President Joseph R. Biden, Jr., members of the Rhode Island Congressional Delegation, and Governor Daniel McKee.