Sponsors (58)
This is not an official government website.
Copyright © 2026 PLEJ LC. All rights reserved.
Creates a federally chartered National Infrastructure Bank (NIB) to raise capital, make loans, provide blended financing and guarantees for major public infrastructure and affordable housing projects, and offer up to $5 trillion in aggregate lending capacity without new federal taxes or deficits. The measure also makes the NIB tax-exempt, allows certain donations to be tax-deductible, excludes specified dividends from taxable income, sets capitalization and governance rules, and requires labor, Buy America, minority business, and oversight safeguards.
The bill creates a large, federally backed infrastructure bank that can mobilize trillions in low‑cost financing to close major infrastructure gaps and prioritize underserved communities, but it substantially increases federal fiscal exposure, risks crowding out private finance, and introduces compliance, governance, and distributional tradeoffs that could raise costs and reduce local flexibility.
State and local governments (and the communities they serve) gain access to a large-scale federal financing source—up to $5 trillion in low-cost, long-term loans, guarantees, and bond support—to fund major infrastructure projects without immediate federal tax increases.
Households, commuters, businesses, and utilities receive targeted financing to close a multi‑trillion‑dollar infrastructure gap—supporting roads, bridges, transit, water, electricity, broadband, affordable housing, and high‑speed rail—improving services, safety, and mobility.
Low‑income and disadvantaged communities (and projects serving them) would get prioritized access, subsidized interest rates, and a dedicated trust fund to lower borrowing costs, increasing the likelihood of projects that benefit underserved populations.
Federal taxpayers face substantial contingent liability because Bank losses or obligations could be borne by the Treasury (full‑faith‑and‑credit exposure), potentially increasing federal fiscal risk if loans or bonds underperform.
Large‑scale public lending and tax‑favored treatment risk crowding out private investment and distorting local financing markets, shifting capital allocation and potentially reducing private sector financing options.
Tax advantages for donors and tax‑exempt treatment of Bank income reduce federal revenue and create preferential benefits that disproportionately help wealthier donors and investors.
Introduced September 15, 2025 by Danny K. Davis · Last progress September 15, 2025