Last progress February 12, 2025 (9 months ago)
Introduced on February 12, 2025 by Daniel A. Webster
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.
This bill would create a new Federal Infrastructure Bank and a holding company to help finance U.S. infrastructure projects that can pay for themselves over time. The bank could offer equity investments, direct loans, and loan guarantees for planning, building, operating, and maintaining projects. At least 10% of its financing must go to rural areas.
Who could get support includes corporations, joint ventures, states, and other government entities. The bank may not fund any project owned or influenced by the Chinese government or the Chinese Communist Party. The Federal Reserve would oversee the bank and its holding company, and the bank must keep a guarantee fund to cover losses if borrowers don’t pay. The holding company could issue stock, pay dividends, and sell bonds. People who buy the holding company’s new stock within three years of its start could get a 10% tax credit on the amount they invest.
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