National Infrastructure Development Bank Act of 2021
Bill journey · stage 2 of 5
Under committee review
What it doesSummary 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.
What just happenedJul 14, 2021
Referred to the Subcommittee on Water Resources and Environment.
Who’s behind it
- Introduced in HouseJul 13, 2021
- Jul 14, 2021Committee
Referred to the Subcommittee on Water Resources and Environment.
Water Resources and Environment Subcommittee - Jul 14, 2021Committee
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Railroads, Pipelines, and Hazardous Materials Subcommittee - Jul 14, 2021Committee
Referred to the Subcommittee on Highways and Transit.
Highways and Transit Subcommittee - Jul 14, 2021Committee
Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Economic Development, Public Buildings, and Emergency Management Subcommittee - Jul 14, 2021Committee
Referred to the Subcommittee on Aviation.
Aviation Subcommittee - Jul 13, 2021IntroReferralH11100
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.
Financial Services Committee - Jul 13, 2021IntroReferralH11100
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.
Transportation and Infrastructure Committee - Jul 13, 2021IntroReferralH11100
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.
Energy and Commerce Committee - Jul 13, 2021IntroReferralIntro-H
Introduced in House
- Jul 13, 2021IntroReferral1000
Introduced in House