H.R. 4413 · 117th Congress
National Infrastructure Development Bank Act of 2021
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Never voted on. It didn't reach a floor vote before the 117th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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DeLauroSponsor27 cosponsors · 27 D
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Cohen
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Carson
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Clark
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Deutch
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Larson
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Cuellar
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Tlaib
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Boyle
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Cartwright
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Cicilline9 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill establishes the National Infrastructure Development Bank as a government corporation to finance energy, environmental (e.g., drinking water or waste facilities), telecommunications, and transportation infrastructure projects.
What it does: CRS summary · Introduced in House · Jul 13, 2021
National Infrastructure Development Bank Act of 2021
This bill establishes the National Infrastructure Development Bank as a government corporation to finance energy, environmental (e.g., drinking water or waste facilities), telecommunications, and transportation infrastructure projects.
The bill establishes the National Infrastructure Development Bank Board, which must oversee the infrastructure projects. The board may make loans and loan guarantees to assist in financing infrastructure projects.
Further, the board must establish an executive committee, a risk management committee, an audit committee, and a compliance office.
To be eligible for financial assistance from the bank, an infrastructure project (1) must have a public benefit, as determined by the board; and (2) may not have a sole use or purpose that is private.
An infrastructure project must use iron, steel, and manufactured products that are made in the United States.
The bill also establishes accounting and reporting requirements. In particular, the Government Accountability Office must, within five years of this bill's enactment, submit a report to Congress evaluating the bank's activities.
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 2021
Latest action (Jul 14, 2021): Referred to the Subcommittee on Water Resources and Environment.
Policy area: Transportation and Public Works · Origin: House · Introduced: Jul 13, 2021
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.