Federal Infrastructure Bank Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Aug 9, 2022)
Federal Infrastructure Bank Act of 2022
This bill provides for the establishment of the Federal Infrastructure Bank Holding Company (FIBHC), which shall be the parent company of the Federal Infrastructure Bank (the bank).
The bank shall provide equity investments, direct loans, and loan guarantees for the construction or maintenance of infrastructure projects in the United States with sufficient revenue sources and guarantees to support the payment of dividends, interest, principal, or fees to the bank. At least 10% of the loans, equity investments, and loan guarantees shall be for infrastructure projects in rural areas.
The Board of Governors of the Federal Reserve System shall have oversight and supervisory authority over the FIBHC and the bank. The bank shall establish an Infrastructure Guarantee Fund to cover loans and loan guarantees in the event of nonpayment by loan recipients.
The bill provides for a taxpayer credit in an amount equal to 10% of the amount such taxpayer paid to the FIBHC for an equity investment at its original issue.
What just happenedAug 10, 2022
Referred to the Subcommittee on Water Resources and Environment.
Who’s behind it
- Introduced in HouseAug 9, 2022
- Aug 10, 2022Committee
Referred to the Subcommittee on Water Resources and Environment.
Water Resources and Environment Subcommittee - Aug 10, 2022Committee
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Railroads, Pipelines, and Hazardous Materials Subcommittee - Aug 10, 2022Committee
Referred to the Subcommittee on Highways and Transit.
Highways and Transit Subcommittee - Aug 10, 2022Committee
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Coast Guard and Maritime Transportation Subcommittee - Aug 10, 2022Committee
Referred to the Subcommittee on Aviation.
Aviation Subcommittee - Aug 9, 2022IntroReferralH11100
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on 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.
Ways and Means Committee - Aug 9, 2022IntroReferralH11100
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on 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.
Financial Services Committee - Aug 9, 2022IntroReferralH11100
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on 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.
Transportation and Infrastructure Committee - Aug 9, 2022IntroReferralIntro-H
Introduced in House
- Aug 9, 2022IntroReferral1000
Introduced in House