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United States · Bill · HR

H.R. 402 (112th)

National Infrastructure Development Bank Act of 2011

referredUnited States· United States Congress· EN

Introduced

24 January 2011

Last action

23 March 2011 · Referred

Status

Referred to the Subcommittee on Domestic Monetary Policy and Technology.

Sponsors

Rep. DeLauro, Rosa L. [D-CT-3], Rep. Ellison, Keith [D-MN-5], Rep. Israel, Steve [D-NY-3], Rep. Weiner, Anthony D. [D-NY-9], Rep. Tierney, John F. [D-MA-6], Sen. Van Hollen, Chris [D-MD], Sen. Hirono, Mazie K. [D-HI], Del. Bordallo, Madeleine Z. [D-GU-At Large], Rep. Lee, Barbara [D-CA-12], Rep. Larson, John B. [D-CT-1], Rep. Courtney, Joe [D-CT-2], Rep. Berkley, Shelley [D-NV-1], Rep. Himes, James A. [D-CT-4], Rep. Boswell, Leonard L. [D-IA-3], Rep. Conyers, John, Jr. [D-MI-13], Sen. Murphy, Christopher [D-CT], Rep. Yarmuth, John A. [D-KY-3], Sen. Luján, Ben Ray [D-NM], Rep. Sutton, Betty [D-OH-13], Rep. Braley, Bruce L. [D-IA-1], Rep. Lynch, Stephen F. [D-MA-8], Rep. Richardson, Laura [D-CA-37], Rep. Gonzalez, Charles A. [D-TX-20], Rep. Blumenauer, Earl [D-OR-3], Rep. Rush, Bobby L. [D-IL-1], Rep. Farr, Sam [D-CA-20], Rep. McGovern, James P. [D-MA-2], Sen. Welch, Peter [D-VT], Rep. Jackson, Jesse L., Jr. [D-IL-2], Rep. Frank, Barney [D-MA-4], Rep. Jackson Lee, Sheila [D-TX-18], Rep. Cicilline, David N. [D-RI-1], Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. Tonko, Paul [D-NY-20], Rep. Pascrell, Bill, Jr. [D-NJ-9], Rep. Hinchey, Maurice D. [D-NY-22], Sen. Schiff, Adam B. [D-CA], Rep. Deutch, Theodore E. [D-FL-22], Rep. Garamendi, John [D-CA-8], Rep. Sánchez, Linda T. [D-CA-38], Rep. Grijalva, Raúl M. [D-AZ-7], Rep. Ryan, Tim [D-OH-13], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Pingree, Chellie [D-ME-1], Rep. Watt, Melvin L. [D-NC-12], Rep. Lipinski, Daniel [D-IL-3], Rep. Holt, Rush [D-NJ-12], Rep. Sires, Albio [D-NJ-13]

Subjects

Environment, Energy, Transport, Taxation

Source updated

14 August 2025

Environment · Energy · Transport · Taxation

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Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 24 January 2011

    Introduced

    Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, and Financial Services, 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.

    Source: IntroReferral

  2. 24 January 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 24 January 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 25 January 2011

    Referred

    Referred to the Subcommittee on Aviation.

    Source: Committee

  5. 1 February 2011

    Referred

    Referred to the Subcommittee on Energy and Power.

    Source: Committee

  6. 23 March 2011

    Referred

    Referred to the Subcommittee on Domestic Monetary Policy and Technology.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 24 January 2011

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  • Introduced in House (PDF)

    Introduced in House · EN · 24 January 2011

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  • Introduced in House

    summary · EN · 24 January 2011

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Sponsors

Showing 48 of 82 sponsors and actors.

Related records

Sources

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