Federal Infrastructure Bank Act of 2022
Summary
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Aug 2022
Committee Review
Floor Vote
President
Introduced Aug 9, 2022
Last action Aug 10, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
7
Key actions
0
Committee
6
Aug 10, 2022
Committee
Referred to the Subcommittee on Water Resources and Environment.
lower
Aug 10, 2022
Committee
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
lower
Aug 10, 2022
Committee
Referred to the Subcommittee on Highways and Transit.
lower
Aug 10, 2022
Committee
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
lower
Aug 10, 2022
Committee
Referred to the Subcommittee on Aviation.
lower
Aug 9, 2022
Committee
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.
lower
Aug 9, 2022
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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