{"@context":"https://schema.org","@type":"Legislation","name":"National Infrastructure Bank Act of 2023","description":"

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.

","legislationIdentifier":"HR 4052","legislationType":"Bill","legislationLegalForce":"NotInForce","legislationJurisdiction":"USA","author":[{"@type":"Person","name":"Danny K. Davis","url":"https://legisdaily.com/mp/dannyk-davis-us"}],"about":{"@type":"Thing","name":"Finance and Financial Sector"},"keywords":"Accounting and auditing, Advisory bodies, Air quality, Alternative and renewable resources, Aviation and airports, Bank accounts, deposits, capital, Banking and financial institutions regulation, Budget deficits and national debt, Building construction, Buy American requirements, Charitable contributions, Chemical and biological weapons, Civil actions and liability, Computer security and identity theft, Congressional-executive branch relations, Congressional operations and organization, Congressional oversight, Contracts and agency, Corporate finance and management, Credit and credit markets, Debt collection, Economic development, Educational facilities and institutions, Electric power generation and transmission, Employee benefits and pensions, Employee hiring, Employment and training programs, Employment discrimination and employee rights, Energy efficiency and conservation, Energy storage, supplies, demand, Federal Reserve System, Financial services and investments, Fires, Government corporations and government-sponsored enterprises, Government employee pay, benefits, personnel management, Government information and archives, Government lending and loan guarantees, Government studies and investigations, House of Representatives, Housing and community development funding, Housing supply and affordability, Infrastructure development, Interest, dividends, interest rates, Intergovernmental relations, Land use and conservation, Members of Congress, Minority and disadvantaged businesses, Natural disasters, Parks, recreation areas, trails, Public contracts and procurement, Public-private cooperation, Public transit, Railroads, Securities, Senate, State and local finance, Telephone and wireless communication, Transportation programs funding, Unemployment, User charges and fees, Water quality, Water use and supply","dateModified":"2025-04-23T00:00:00.000Z","url":"https://legisdaily.com/bill/USA-118-HR-4052"}