National Infrastructure Bank Act of 2023
- Last Action
- 6/16/2023
Actions
- 2023-06-16Referred to the Subcommittee on Innovation, Data, and Commerce.
- 2023-06-13Referred to the Subcommittee on Aviation.
- 2023-06-13Referred to the Subcommittee on Water Resources and Environment.
- 2023-06-13Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
- 2023-06-13Referred to the Subcommittee on Highways and Transit.
- 2023-06-13Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Transportation and Infrastructure, Financial Services, Education and the Workforce, Natural Resources, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-06-13Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Transportation and Infrastructure, Financial Services, Education and the Workforce, Natural Resources, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-06-13Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Transportation and Infrastructure, Financial Services, Education and the Workforce, Natural Resources, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-06-13Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Transportation and Infrastructure, Financial Services, Education and the Workforce, Natural Resources, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-06-13Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Transportation and Infrastructure, Financial Services, Education and the Workforce, Natural Resources, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-06-13Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Transportation and Infrastructure, Financial Services, Education and the Workforce, Natural Resources, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-06-13Referred to the Committee on Energy and Commerce, and in addition to the Committees on Ways and Means, Transportation and Infrastructure, Financial Services, Education and the Workforce, Natural Resources, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- 2023-06-13Introduced in House
- 2023-06-13Introduced in House
CRS Summary
As of 2023-06-13 (00)
National Infrastructure Bank Act of 2023
This bill creates the National Infrastructure Bank to facilitate the long-term financing of infrastructure projects.
Specifically, the bank must provide loans to entities—including states, public utilities, and public-private partnerships—for financing, developing, or operating eligible infrastructure projects. An eligible project must have a public sponsor as well as local, regional, or national significance.
The bill treats the bank as a government corporation exempt from tax and treats contributions to the bank as charitable contributions.
The bill also provides for criteria and preferences for deciding whether to provide a loan, such as whether a project promotes job creation or provides environmental benefits.
The bank shall issue stock and may also issue bonds and maintain a discount line of credit with the Federal Reserve System.
The bank must apply for a national bank charter and, once chartered, accept deposits from individuals, corporations, public entities, or any other source and pay interest on those deposits.
The bill imposes requirements related to the bank's operation, such as minimum reserve requirements and requirements for handling loan losses.
In addition, the bank must facilitate the organization of at least seven regional economic accelerator planning groups to, among other activities, identify infrastructure needs and priorities.
Within five years, the Government Accountability Office must report on the bank's activities.
Cosponsors (20)
- BARBARA LEE (D-CA)
- Eric Swalwell (D-CA)
- Greg Landsman (D-OH)
- Brendan Boyle (D-PA)
- Melanie Stansbury (D-NM)
- MARCY KAPTUR (D-OH)
- Dwight Evans (D-PA)
- Jesus Garcia (D-IL)
- Shri Thanedar (D-MI)
- Teresa Leger Fernandez (D-NM)
- Jimmy Panetta (D-CA)
- Adriano Espaillat (D-NY)
- Rashida Tlaib (D-MI)
- JERROLD NADLER (D-NY)
- ADAM SMITH (D-WA)
- John Garamendi (D-CA)
- Chellie Pingree (D-ME)
- Seth Magaziner (D-RI)
- Delia Ramirez (D-IL)
- Debbie Dingell (D-MI)
Subjects
- Accounting and auditing
- Advisory bodies
- Air quality
- Alternative and renewable resources
- Aviation and airports
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Budget deficits and national debt
- Building construction
- Buy American requirements
- Charitable contributions
- Chemical and biological weapons
- Civil actions and liability
- Computer security and identity theft
- Congressional operations and organization
- Congressional oversight
- Congressional-executive branch relations
- Contracts and agency
- Corporate finance and management
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.