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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

National Infrastructure Development Corporation Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Development Corporation, and for other purposes.


Actions Overview (1)

Date Actions Overview
02/12/1997Introduced in House

All Actions (12)

Date All Actions
02/28/1997Referred to the Subcommittee on Housing and Community Opportunity.
Action By: Committee on Banking and Financial Services
02/28/1997Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Action By: Committee on Banking and Financial Services
02/24/1997Referred to the Subcommittee on Aviation.
Action By: Committee on Transportation and Infrastructure
02/24/1997Referred to the Subcommittee on Railroads.
Action By: Committee on Transportation and Infrastructure
02/24/1997Referred to the Subcommittee on Surface Transportation.
Action By: Committee on Transportation and Infrastructure
02/24/1997Referred to the Subcommittee on Water Resources and Environment.
Action By: Committee on Transportation and Infrastructure
02/12/1997Referred to House Ways and Means
Action By: House of Representatives
02/12/1997Referred to House Banking and Financial Services
Action By: House of Representatives
02/12/1997Referred to House Transportation and Infrastructure
Action By: House of Representatives
02/12/1997Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Banking and 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.
Action By: House of Representatives
02/12/1997Sponsor introductory remarks on measure. (CR H514)
Action By: House of Representatives
02/12/1997Introduced in House
Action By: House of Representatives

Cosponsors (0)

No cosponsors.


Committees (3)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Related Documents
House Transportation and Infrastructure02/12/1997 Referred to
House Transportation and Infrastructure Subcommittee on Aviation02/24/1997 Referred to
House Transportation and Infrastructure Subcommittee on Railroads02/24/1997 Referred to
House Transportation and Infrastructure Subcommittee on Surface Transportation02/24/1997 Referred to
House Transportation and Infrastructure Subcommittee on Water Resources and Environment02/24/1997 Referred to
House Banking and Financial Services02/12/1997 Referred to
House Banking and Financial Services Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises02/28/1997 Referred to
House Banking and Financial Services Subcommittee on Housing and Community Opportunity02/28/1997 Referred to
House Ways and Means02/12/1997 Referred to

No related bill information was received for H.R.713.


Latest Summary (1)

There is one summary for H.R.713. View summaries

Shown Here:
Introduced in House (02/12/1997)

National Infrastructure Development Corporation Act - Establishes as a wholly owned Government corporation: (1) the National Infrastructure Development Corporation (NIDC), which shall make new sources of financing available for the development of infrastructure facilities; and (2) the National Infrastructure Insurance Corporation (NIIC), which shall be a subsidiary of NIDC issuing insurance, reinsurance and related undertakings with respect to obligations for development of such facilities. Requires NIDC and NIIC to conduct their respective businesses as self-supporting entities.

Directs the boards of directors of each to establish criteria for determining eligibility for financial assistance.

Provides for: (1) initial targeting of ready-to-go projects; (2) development risk insurance; (3) the discretion of NIDC and NIIC to provide assistance; (4) final decisions on providing assistance to be made by an independent investment committee; and (5) capitalization, organization, and management of NIDC and NIIC.

Requires the NIDC to prepare and revise as necessary a strategic plan for the transition of NIDC and all its subsidiaries to a Government-sponsored enterprise, and for the sale or transfer to investors other than the Federal Government of NIDC's voting securities. Authorizes appropriations.