Sponsors (64)
Official title: To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Bank, and for other purposes.
Introduced September 15, 2025 by Danny K. Davis · Last progress September 15, 2025
The bill creates a federally backed National Infrastructure Bank that can unlock large-scale, low-cost financing and targeted support for disadvantaged communities and workers, but it shifts meaningful fiscal risk and tax-preference benefits to taxpayers and raises governance, market‑distortion, and fairness concerns that could require tradeoffs in future budgets and oversight.
State and local governments and project sponsors would get access to a large-scale, low-cost federal financing vehicle (the National Infrastructure Bank) that enables more roads, water systems, schools, and broadband projects.
Low-income and disadvantaged communities and households would gain subsidized loans and trust‑fund support for projects serving them (affordable housing, broadband, drinking water), improving access and connectivity.
Small disadvantaged and HUBZone businesses and construction workers would gain expanded contracting and labor protections (a 10% assistance set‑aside, prevailing wages, hiring priorities), increasing contracting opportunities and pay on Bank-funded projects.
Taxpayers could face substantial contingent federal liabilities if Bank losses exceed reserves or require Treasury backstops, increasing future fiscal exposure.
The Bank's tax-exempt status and tax-preferred benefits (deductions, tax-free dividends) would reduce federal revenue, potentially requiring higher taxes or cuts to other spending if not offset.
The Bank could crowd out private lenders and distort credit markets, reducing roles and opportunities for banks and other private-sector lenders.
Based on analysis of 8 sections of legislative text.
Creates a federally chartered National Infrastructure Bank with tax-exempt status to provide direct loans and blended financing for qualifying infrastructure and community development projects.
Creates a federally chartered National Infrastructure Bank to provide large-scale direct loans and other financing (up to $5 trillion authority described in findings) for qualifying infrastructure and community development projects. The bill grants the Bank tax-exempt status, makes contributions to it tax-deductible, excludes certain Bank dividends from gross income, defines key terms and eligible project types (including affordable housing, transportation, water, broadband, schools, parks), and sets nomination, appointment, governance, transparency, and committee rules for a Senate‑confirmed Board to run the Bank.