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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.
Introduced February 12, 2025 by Daniel A. Webster · Last progress February 12, 2025
Creates a new privately owned Federal Infrastructure Bank and companion Holding Company, gives investors a five-year 10% equity tax credit, and makes the Bank and Holding Company largely tax-exempt. The law sets up governance and formation steps, limits foreign involvement, authorizes the Bank to finance revenue-producing infrastructure (equity, loans, guarantees), requires Federal Reserve supervision, and establishes an Infrastructure Guarantee Fund and rules for Treasury/Fed purchases of some bonds. It also says the federal government will not guarantee the Bank’s or Holding Company’s assets.