National Infrastructure Development Act of 1997

Summary

National Infrastructure Development Act of 1997 - Establishes as a wholly owned Government corporation: (1) the National Infrastructure Development Corporation (NIDC), which shall make new sources of financing available (including public benefit bonds) for the development of infrastructure facilities; and (2) the National Infrastructure Insurance Corporation (NIIC), which shall be a subsidiary of NIDC issuing insurance, reinsurance and related undertakings with respect to obligations for development of such facilities. Requires NIDC and NIIC to conduct their respective businesses as self-supporting entities. Directs the boards of directors of each to establish criteria for determining eligibility for financial assistance. Provides for: (1) initial targeting of ready-to-go projects; (2) development risk insurance; (3) the discretion of NIDC and NIIC to provide assistance; (4) final decisions on providing assistance to be made by an independent investment committee; and (5) capitalization, organization, and management of NIDC and NIIC. Requires the NIDC to prepare and revise as necessary a strategic plan for the transition of NIDC and all its subsidiaries to a Government-sponsored enterprise, and for the sale or transfer to investors other than the Federal Government of NIDC's voting securities. Authorizes appropriations.

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

Timeline

1. 12 February 1997

   Introduced

   Referred to House Transportation and Infrastructure

   Source: IntroReferral

2. 12 February 1997

   Introduced

   Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Banking and Financial Services, and Ways and Means, 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. 12 February 1997

   Introduced

   Sponsor introductory remarks on measure. (CR H514)

   Source: IntroReferral

4. 12 February 1997

   Introduced

   Introduced in House

   Source: IntroReferral

5. 12 February 1997

   Introduced

   Introduced in House

   Source: IntroReferral

6. 24 February 1997

   Referred

   Referred to the Subcommittee on Water Resources and Environment.

   Source: Committee

7. 28 February 1997

   Referred

   Referred to the Subcommittee on Housing and Community Opportunity.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 12 February 1997 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 12 February 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 12 February 1997

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 12 February 1997

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. DeLauro, Rosa L. [D-CT-3] · D · Sponsor
• Rep. Gephardt, Richard A. [D-MO-3] · D · Sponsor
• Rep. Bonior, David E. [D-MI-10] · D · Sponsor
• Rep. Fazio, Vic [D-CA-3] · D · Sponsor
• Rep. Pelosi, Nancy [D-CA-11] · D · Sponsor
• Rep. Borski, Robert A. [D-PA-3] · D · Sponsor
• Rep. Olver, John W. [D-MA-1] · D · Cosponsor
• Rep. Rush, Bobby L. [D-IL-1] · D · Cosponsor
• Del. Christensen, Donna M. [D-VI-At Large] · D · Cosponsor
• Rep. Frost, Martin [D-TX-24] · D · Cosponsor
• Rep. Gutierrez, Luis V. [D-IL-4] · D · Cosponsor
• Rep. Wise, Robert E., Jr. [D-WV-2] · D · Cosponsor
• Rep. Davis, Danny K. [D-IL-7] · D · Cosponsor
• Rep. McGovern, James P. [D-MA-2] · D · Cosponsor
• Rep. Hastings, Alcee L. [D-FL-20] · D · Cosponsor
• Rep. Thompson, Bennie G. [D-MS-2] · D · Cosponsor
• Rep. Lewis, John [D-GA-5] · D · Cosponsor
• Rep. Payne, Donald M. [D-NJ-10] · D · Cosponsor
• Rep. Ackerman, Gary L. [D-NY-5] · D · Cosponsor
• Rep. Dellums, Ronald V. [D-CA-9] · D · Cosponsor
• Rep. Sandlin, Max [D-TX-1] · D · Cosponsor
• Rep. Manton, Thomas J. [D-NY-7] · D · Cosponsor
• · hsba00 · Standing
• · hspw00 · Standing
• · hswm00 · Standing

Related records

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