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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 Bank Act of 2013

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 Bank, and for other purposes.


Actions Overview (1)

Date Actions Overview
06/27/2013Introduced in House

All Actions (11)

Date All Actions
06/28/2013Referred to the Subcommittee on Water Resources and Environment.
Action By: Committee on Transportation and Infrastructure
06/28/2013Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Action By: Committee on Transportation and Infrastructure
06/28/2013Referred to the Subcommittee on Highways and Transit.
Action By: Committee on Transportation and Infrastructure
06/28/2013Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Action By: Committee on Transportation and Infrastructure
06/28/2013Referred to the Subcommittee on Aviation.
Action By: Committee on Transportation and Infrastructure
06/28/2013Referred to the Subcommittee on Commerce, Manufacturing, and Trade.
Action By: Committee on Energy and Commerce
06/27/2013Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, 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
06/27/2013Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, 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
06/27/2013Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, 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
06/27/2013Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, 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
06/27/2013Introduced in House
Action By: House of Representatives

Cosponsors (103)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Israel, Steve [D-NY-3]* 06/27/2013
Rep. Ellison, Keith [D-MN-5]* 06/27/2013
Rep. Tierney, John F. [D-MA-6]* 06/27/2013
Rep. Cicilline, David N. [D-RI-1]* 06/27/2013
Rep. McGovern, James P. [D-MA-2]* 06/27/2013
Rep. Meng, Grace [D-NY-6]* 06/27/2013
Rep. Maffei, Daniel B. [D-NY-24]* 06/27/2013
Rep. Tonko, Paul [D-NY-20]* 06/27/2013
Rep. Slaughter, Louise McIntosh [D-NY-25]* 06/27/2013
Rep. Schakowsky, Janice D. [D-IL-9]* 06/27/2013
Rep. Sarbanes, John P. [D-MD-3]* 06/27/2013
Rep. Christensen, Donna M. [D-VI-At Large]* 06/27/2013
Rep. Braley, Bruce L. [D-IA-1]* 06/27/2013
Rep. Yarmuth, John A. [D-KY-3]* 06/27/2013
Rep. Rush, Bobby L. [D-IL-1]* 06/27/2013
Rep. Chu, Judy [D-CA-27]* 06/27/2013
Rep. Pingree, Chellie [D-ME-1]* 06/27/2013
Rep. Larson, John B. [D-CT-1]* 06/27/2013
Rep. Norton, Eleanor Holmes [D-DC-At Large]* 06/27/2013
Rep. Honda, Michael M. [D-CA-17]* 06/27/2013
Rep. Eshoo, Anna G. [D-CA-18]* 06/27/2013
Rep. Lynch, Stephen F. [D-MA-8]* 06/27/2013
Rep. Welch, Peter [D-VT-At Large]* 06/27/2013
Rep. Michaud, Michael H. [D-ME-2]* 06/27/2013
Rep. Sires, Albio [D-NJ-8]* 06/27/2013
Rep. Bordallo, Madeleine Z. [D-GU-At Large]* 06/27/2013
Rep. Shea-Porter, Carol [D-NH-1]* 06/27/2013
Rep. Speier, Jackie [D-CA-14]* 06/27/2013
Rep. Lowenthal, Alan S. [D-CA-47]* 06/27/2013
Rep. Pocan, Mark [D-WI-2]* 06/27/2013
Rep. Takano, Mark [D-CA-41]* 06/27/2013
Rep. Richmond, Cedric L. [D-LA-2]* 06/27/2013
Rep. Esty, Elizabeth H. [D-CT-5]* 06/27/2013
Rep. Courtney, Joe [D-CT-2]* 06/27/2013
Rep. Pascrell, Bill, Jr. [D-NJ-9]* 06/27/2013
Rep. Deutch, Theodore E. [D-FL-21]* 06/27/2013
Rep. Langevin, James R. [D-RI-2]* 06/27/2013
Rep. Bonamici, Suzanne [D-OR-1]* 06/27/2013
Rep. McCollum, Betty [D-MN-4]* 06/27/2013
Rep. Capps, Lois [D-CA-24]* 06/27/2013
Rep. Blumenauer, Earl [D-OR-3]* 06/27/2013
Rep. Conyers, John, Jr. [D-MI-13]* 06/27/2013
Rep. Green, Al [D-TX-9]* 06/27/2013
Rep. Watt, Melvin L. [D-NC-12]* 06/27/2013
Rep. Moran, James P. [D-VA-8]* 06/27/2013
Rep. Grijalva, Raul M. [D-AZ-3]* 06/27/2013
Rep. Lee, Barbara [D-CA-13]* 06/27/2013
Rep. Garamendi, John [D-CA-3]* 06/27/2013
Rep. Carson, Andre [D-IN-7]* 06/27/2013
Rep. Keating, William R. [D-MA-9]* 06/27/2013
Rep. Veasey, Marc A. [D-TX-33]* 06/27/2013
Rep. Duckworth, Tammy [D-IL-8]* 06/27/2013
Rep. Van Hollen, Chris [D-MD-8]* 06/27/2013
Rep. Matsui, Doris O. [D-CA-6]* 06/27/2013
Rep. Kirkpatrick, Ann [D-AZ-1]* 06/27/2013
Rep. Sanchez, Linda T. [D-CA-38]* 06/27/2013
Rep. Lipinski, Daniel [D-IL-3]* 06/27/2013
Rep. Heck, Denny [D-WA-10]* 06/27/2013
Rep. Sherman, Brad [D-CA-30]* 06/27/2013
Rep. Himes, James A. [D-CT-4]* 06/27/2013
Rep. Price, David E. [D-NC-4]* 06/27/2013
Rep. Farr, Sam [D-CA-20]* 06/27/2013
Rep. Holt, Rush [D-NJ-12] 06/28/2013
Rep. Thompson, Mike [D-CA-5] 06/28/2013
Rep. Lowey, Nita M. [D-NY-17] 07/08/2013
Rep. Schiff, Adam B. [D-CA-28] 07/08/2013
Rep. Beatty, Joyce [D-OH-3] 07/08/2013
Rep. Cartwright, Matt [D-PA-17] 07/10/2013
Rep. Wilson, Frederica S. [D-FL-24] 07/11/2013
Rep. Ryan, Tim [D-OH-13] 07/11/2013
Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] 07/11/2013
Rep. Bishop, Timothy H. [D-NY-1] 07/24/2013
Rep. Cohen, Steve [D-TN-9] 07/24/2013
Rep. Peters, Gary C. [D-MI-14] 09/18/2013
Rep. Kildee, Daniel T. [D-MI-5] 09/18/2013
Rep. Foster, Bill [D-IL-11] 09/18/2013
Rep. Doyle, Michael F. [D-PA-14] 09/18/2013
Rep. Napolitano, Grace F. [D-CA-32] 09/26/2013
Rep. Moore, Gwen [D-WI-4] 11/19/2013
Rep. Schwartz, Allyson Y. [D-PA-13] 11/19/2013
Rep. Titus, Dina [D-NV-1] 11/19/2013
Rep. Miller, George [D-CA-11] 11/19/2013
Rep. Lofgren, Zoe [D-CA-19] 01/07/2014
Rep. Kaptur, Marcy [D-OH-9] 01/29/2014
Rep. Fattah, Chaka [D-PA-2] 02/03/2014
Rep. Larsen, Rick [D-WA-2] 02/03/2014
Rep. Kilmer, Derek [D-WA-6] 02/03/2014
Rep. Green, Gene [D-TX-29] 02/04/2014
Rep. Clark, Katherine M. [D-MA-5] 02/25/2014
Rep. Scott, Robert C. "Bobby" [D-VA-3] 02/25/2014
Rep. McDermott, Jim [D-WA-7] 02/25/2014
Rep. Cleaver, Emanuel [D-MO-5] 02/25/2014
Rep. Nolan, Richard M. [D-MN-8] 02/25/2014
Rep. Visclosky, Peter J. [D-IN-1] 02/25/2014
Rep. DelBene, Suzan K. [D-WA-1] 03/11/2014
Rep. Clay, Wm. Lacy [D-MO-1] 04/04/2014
Rep. Walz, Timothy J. [D-MN-1] 04/28/2014
Rep. Kuster, Ann M. [D-NH-2] 04/28/2014
Rep. Huffman, Jared [D-CA-2] 04/29/2014
Rep. Levin, Sander M. [D-MI-9] 04/30/2014
Rep. Bass, Karen [D-CA-37] 05/06/2014
Rep. Cardenas, Tony [D-CA-29] 07/08/2014
Rep. Kelly, Robin L. [D-IL-2] 07/09/2014

Committees (4)

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 Reports
House Energy and Commerce06/27/2013 Referred to
House Energy and Commerce Subcommittee on Commerce, Manufacturing, and Trade06/28/2013 Referred to
House Transportation and Infrastructure06/27/2013 Referred to
House Transportation and Infrastructure Subcommittee on Aviation06/28/2013 Referred to
House Transportation and Infrastructure Subcommittee on Coast Guard and Maritime Transportation06/28/2013 Referred to
House Transportation and Infrastructure Subcommittee on Highways and Transit06/28/2013 Referred to
House Transportation and Infrastructure Subcommittee on Railroads, Pipelines, and Hazardous Materials06/28/2013 Referred to
House Transportation and Infrastructure Subcommittee on Water Resources and Environment06/28/2013 Referred to
House Financial Services06/27/2013 Referred to
House Ways and Means06/27/2013 Referred to

No related bill information was received for H.R.2553.


Latest Summary (1)

There is one summary for H.R.2553. View summaries

Shown Here:
Introduced in House (06/27/2013)

National Infrastructure Development Bank Act of 2013 - Establishes the National Infrastructure Development Bank as a wholly owned government corporation.

Makes the Bank's Board of Directors responsible for monitoring and overseeing energy, environmental, telecommunications, and transportation infrastructure projects. Authorizes the Board to: (1) make senior and subordinated direct loans and loan guarantees to assist in the financing or refinancing of an infrastructure project, (2) issue public benefit bonds and provide financing to infrastructure projects, and (3) pay an interest subsidy to the issuer of American Infrastructure Bonds.

Requires the Board to establish an Executive Committee, headed by the chief executive officer, to establish requirements and make recommendations for project proposals to be considered for financial assistance.

Requires the Bank to establish a Risk Management Committee, headed by the chief risk officer, which shall: (1) create financial, credit, and operational risk management guidelines for the Bank; (2) set guidelines to ensure diversification of lending activities by both geographic region and infrastructure project type; (3) create conforming standards for all financial assistance provided by the Bank; (4) monitor financial, credit, and operational exposure of the Bank; (5) provide financial recommendations to the Board; and (6) ensure that the aggregate amount of interest subsidies provided for American Infrastructure Bonds in a given calendar year do not exceed 28% of interest payable under all such Bonds.

Requires the Bank to establish an audit committee, headed by a chief compliance officer, to be responsible for auditing and accounting activities.

Requires the Board to approve criteria established by the Executive Committee, with public input, for determining project eligibility for financial assistance. Sets forth criteria to be considered by the Board for each type of infrastructure project. Requires the Executive Committee to conduct an analysis that considers the economic, environmental, and social benefits and costs of each project under consideration, prioritizing projects that contribute to economic growth, lead to job creation, and are of regional or national significance.

Requires any financial assistance for an infrastructure project to be repayable from dedicated revenue sources that also secure the infrastructure project obligations. Limits the amount of assistance under this Act to 50% of reasonably anticipated project costs.

Exempts all bonds issued by the Bank, and the interest on or credits with respect to such bonds, from state or local government taxation.

Sets forth requirements regarding compliance of assisted projects with wage rate, domestic content, and buy American statutes.

Requires the Board to establish an American Infrastructure Bond program. Establishes in the Treasury the National Infrastructure Development Bank Trust Fund into which an amount estimated to equal the tax receipts attributable to interest payable under such Bonds is to be appropriated.