VotedBy VotedBy ⌕
Election Day · Tue, Nov 3See how your members of Congress voted →

H.R. 402 · 112th Congress

National Infrastructure Development Bank Act of 2011

Key: what the circles and colors mean

Each circle is a bill. The ring fills as it moves through Congress:

IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.

Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.

Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

RDD DeLauroSponsor
78 cosponsors · 78 D
EBD Blumenauer LBD Boswell SBD Berkley MBD Bordallo BBD Braley JCD Conyers JCD Courtney KED Ellison CGD Gonzalez MHD Hirono JHD Himes SID Israel BLD Lee JLD Larson SLD Lynch BLD Luján CMD Murphy LRD Richardson BSD Sutton JTD Tierney CVD Van Hollen AWD Weiner JYD Yarmuth SFD Farr BFD Frank SJD Jackson Lee JJD Jackson JMD McGovern BRD Rush PWD Welch DCD Cicilline BPD Pascrell LSD Slaughter PTD Tonko MHD Hinchey ASD Schiff TDD Deutch JGD Garamendi RGD Grijalva LSD Sánchez CMD Maloney CPD Pingree TRD Ryan MWD Watt RHD Holt DLD Lipinski ASD Sires TBD Bishop NDD Dicks BHD Higgins GGD Green EJD Johnson END Norton AGD Green JSD Schakowsky LWD Woolsey HBD Berman KBD Bass DDD DeGette AED Eshoo GND Napolitano NLD Lowey DMD Matsui DCD Christensen LCD Capps CRD Richmond JSD Speier JLD Langevin JCD Carney JSD Sarbanes RCD Carnahan WKD Keating DPD Price BSD Sherman ACD Carson MTD Thompson JMD Moran BMD McCollum

23 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

National Infrastructure Development Bank Act of 2011 - Establishes the National Infrastructure Development Bank as a wholly owned government corporation.

What it does: CRS summary · Introduced in House · Jan 24, 2011

National Infrastructure Development Bank Act of 2011 - Establishes the National Infrastructure Development Bank as a wholly owned government corporation.

Makes the Bank's Board of Directors responsible for monitoring and overseeing energy, environmental, telecommunications, and transportation infrastructure projects. Authorizes the Board to: (1) issue public benefit bonds and provide financing to infrastructure projects; and (2) borrow on the global capital market and lend to entities and commercial banks for funding infrastructure projects. Requires the Board to establish criteria for determining project eligibility for financial assistance under this Act.

Sets forth the duties of the Bank's executive committee and audit committee.

Requires the Bank to establish a risk management committee, which shall: (1) create financial, credit, and operational risk management guidelines for the Bank; (2) set standards to ensure diversification of lending activities by both region and infrastructure project type; and (3) create conforming standards for infrastructure finance securities.

Exempts all notes, debentures, bonds or other such obligations issued by the Bank, and the interest on or credits with respect to such bonds or other obligations, from state or local government taxation.

Terminates the Bank after 15 years.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: National Infrastructure Development Bank Act of 2011

Latest action (Mar 23, 2011): Referred to the Subcommittee on Domestic Monetary Policy and Technology.

Policy area: Government Operations and Politics · Origin: House · Introduced: Jan 24, 2011

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.