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United States · Bill · HR

H.R. 4052 (118th)

National Infrastructure Bank Act of 2023

referredUnited States· United States Congress· EN

Introduced

13 June 2023

Last action

16 June 2023 · Referred

Status

Referred to the Subcommittee on Innovation, Data, and Commerce.

Sponsors

Rep. Davis, Danny K. [D-IL-7], Barbara Lee, Eric Swalwell, Rep. Landsman, Greg [D-OH-1], Brendan Boyle, Rep. Stansbury, Melanie A. [D-NM-1], Marcy Kaptur, Dwight Evans, Jesús García, Shri Thanedar, Teresa Leger Fernandez, Rep. Panetta, Jimmy [D-CA-19], Adriano Espaillat, Rep. Tlaib, Rashida [D-MI-12], Rep. Nadler, Jerrold [D-NY-12], Rep. Smith, Adam [D-WA-9], Rep. Garamendi, John [D-CA-8], Rep. Pingree, Chellie [D-ME-1], Rep. Magaziner, Seth [D-RI-2], Rep. Ramirez, Delia C. [D-IL-3], Rep. Dingell, Debbie [D-MI-6], Rep. Krishnamoorthi, Raja [D-IL-8], Paul Tonko, Jonathan Jackson, Zoe Lofgren, Summer Lee, Rep. Deluzio, Christopher R. [D-PA-17], Rep. Pocan, Mark [D-WI-2], Daniel Kildee, Raúl Grijalva, Alexandria Ocasio-Cortez, Rep. Amo, Gabe [D-RI-1], Gabe Vasquez, Rep. Suozzi, Thomas R. [D-NY-3], Rep. Torres, Ritchie [D-NY-15], Rep. Goldman, Daniel S. [D-NY-10], Rep. Jayapal, Pramila [D-WA-7], Julia Brownley, James McGovern, Rep. Velázquez, Nydia M. [D-NY-7], Rep. Ryan, Patrick [D-NY-18], Rep. Khanna, Ro [D-CA-17], Emanuel Cleaver, Rep. Lynch, Stephen F. [D-MA-8], Rep. Johnson, Henry C. "Hank" [D-GA-4], Rep. Frost, Maxwell [D-FL-10], Rep. Mullin, Kevin [D-CA-15], Wiley Nickel

Subjects

Environment, Transport, Taxation

Source updated

21 July 2025

Environment · Transport · Taxation

Official sourceDownload fileView documentsShare

Summary

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.

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

Timeline

  1. 13 June 2023

    Referred

    Referred to the Subcommittee on Highways and Transit.

    Source: Committee

  2. 13 June 2023

    Introduced

    Referred 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.

    Source: IntroReferral

  3. 13 June 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 13 June 2023

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 16 June 2023

    Referred

    Referred to the Subcommittee on Innovation, Data, and Commerce.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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Sponsors

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Related records

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Sources

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