Last progress July 10, 2025 (4 months ago)
Introduced on July 10, 2025 by Salud Carbajal
Referred to the House Committee on Transportation and Infrastructure.
This bill would create a new National Infrastructure Investment Corporation to offer low‑cost loans, loan guarantees, and bonds for big infrastructure projects that states and cities can’t easily fund on their own . Projects can include transportation, energy, environmental, and telecommunications work, and funding would cover eligible project costs only. Applicants must submit a detailed plan with costs, financing, and the status of environmental review; they also must consult with the members of Congress whose districts or states are affected, and loans are timed to match construction needs . The program follows many of the same rules as the TIFIA transportation loan program to keep things consistent and predictable.
A seven‑member board with infrastructure and finance experience would run the corporation, and an Inspector General would audit it to protect against waste and abuse. There would be yearly reports and audits, plus an independent review every five years. Before any loan or loan guarantee is finalized, Congress gets 60 days to review the application and can block it; rejected applications must fix problems before trying again. To fund its work, the corporation may borrow up to $5 billion per year from pension funds from 2026 through 2030, paying 3 to 4 percent interest. The bill points to a large national need for infrastructure upgrades and the jobs they bring as the reason for this plan.
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