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HR 10525 United States House · 118th Congress

National Infrastructure Development Bank Act of 2023

The National Infrastructure Development Bank Act of 2023 establishes a new federal bank to provide financial assistance for infrastructure projects across the United States. The bank will offer direct loans, loan guarantees, and other financial support specifically for four types of infrastructure: energy (transmission, efficiency), environmental (water systems, flood protection), telecommunications, and transportation (roads, bridges, transit). To qualify for assistance, projects must demonstrate public benefit, prioritize job creation and economic growth, and meet specific criteria related to environmental impact and community needs. The bill authorizes $5 billion annually for fiscal years 2027-2031 to fund the bank's operations and initial projects, with oversight by a Director appointed by the President and a focus on domestic content requirements for materials.
Issues: ✓ Budget & TaxesSupports Budget & TaxesEstablishes federal bank to fund infrastructure projects, increasing government spending on essential public works like transportation and energy systems.95% confidence ✓ EnergySupports EnergyBill explicitly funds energy infrastructure projects including transmission and efficiency under its core mission, aligning with clean energy investment indicators.95% confidence ✓ EnvironmentSupports EnvironmentBill explicitly funds environmental infrastructure (water systems, flood protection) as a designated eligible category, directly advancing environmental protection efforts.95% confidence ✓ TechnologySupports TechnologyBill explicitly funds telecommunications infrastructure as a core eligible project type, advancing internet access and digital infrastructure development.95% confidence ✓ TransportationSupports TransportationBill explicitly funds transportation infrastructure (roads, bridges, transit) via new federal bank's financial assistance for qualifying projects.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
President
Introduced Dec 19, 2024 Last action Dec 19, 2024
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Full legislative history

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Total actions
2
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0
Committee
1
Dec 19, 2024
Committee
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.
lower
Dec 19, 2024
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Rosa L. DeLauro
Rosa L. DeLauro
DDemocratic
CT
3