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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 2017

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
01/13/2017Introduced in House

All Actions (11)

Date
01/17/2017Referred to the Subcommittee on Water Resources and Environment.
Action By: Committee on Transportation and Infrastructure
01/17/2017Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Action By: Committee on Transportation and Infrastructure
01/17/2017Referred to the Subcommittee on Highways and Transit.
Action By: Committee on Transportation and Infrastructure
01/17/2017Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Action By: Committee on Transportation and Infrastructure
01/17/2017Referred to the Subcommittee on Aviation.
Action By: Committee on Transportation and Infrastructure
01/13/2017Referred 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
01/13/2017Referred 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
01/13/2017Referred 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
01/13/2017Referred 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
01/13/2017Referred 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
01/13/2017Introduced in House
Action By: House of Representatives

Cosponsors (86)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Takano, Mark [D-CA-41]* 01/13/2017
Rep. Kaptur, Marcy [D-OH-9]* 01/13/2017
Rep. Slaughter, Louise McIntosh [D-NY-25]* 01/13/2017
Rep. Deutch, Theodore E. [D-FL-22]* 01/13/2017
Rep. DelBene, Suzan K. [D-WA-1]* 01/13/2017
Rep. Clark, Katherine M. [D-MA-5]* 01/13/2017
Rep. Larsen, Rick [D-WA-2]* 01/13/2017
Rep. Pingree, Chellie [D-ME-1]* 01/13/2017
Rep. Speier, Jackie [D-CA-14]* 01/13/2017
Rep. Moore, Gwen [D-WI-4]* 01/13/2017
Rep. Hastings, Alcee L. [D-FL-20]* 01/13/2017
Rep. Larson, John B. [D-CT-1]* 01/13/2017
Rep. Schiff, Adam B. [D-CA-28]* 01/13/2017
Rep. Cartwright, Matt [D-PA-17]* 01/13/2017
Rep. Ryan, Tim [D-OH-13]* 01/13/2017
Rep. Matsui, Doris O. [D-CA-6]* 01/13/2017
Rep. Cicilline, David N. [D-RI-1]* 01/13/2017
Rep. Price, David E. [D-NC-4]* 01/13/2017
Rep. Boyle, Brendan F. [D-PA-13]* 01/13/2017
Rep. Serrano, Jose E. [D-NY-15]* 01/13/2017
Rep. Kelly, Robin L. [D-IL-2]* 01/13/2017
Rep. Tonko, Paul [D-NY-20]* 01/13/2017
Rep. Lipinski, Daniel [D-IL-3]* 01/13/2017
Rep. Kildee, Daniel T. [D-MI-5]* 01/13/2017
Rep. Richmond, Cedric L. [D-LA-2]* 01/13/2017
Rep. Lowenthal, Alan S. [D-CA-47]* 01/13/2017
Rep. Welch, Peter [D-VT-At Large]* 01/13/2017
Rep. Garamendi, John [D-CA-3]* 01/13/2017
Rep. Norton, Eleanor Holmes [D-DC-At Large]* 01/13/2017
Rep. Bonamici, Suzanne [D-OR-1]* 01/13/2017
Rep. Bordallo, Madeleine Z. [D-GU-At Large]* 01/13/2017
Rep. Dingell, Debbie [D-MI-12]* 01/13/2017
Rep. Carson, Andre [D-IN-7]* 01/13/2017
Rep. Veasey, Marc A. [D-TX-33]* 01/13/2017
Rep. Doyle, Michael F. [D-PA-14]* 01/13/2017
Rep. Langevin, James R. [D-RI-2]* 01/13/2017
Rep. Cardenas, Tony [D-CA-29]* 01/13/2017
Rep. Kuster, Ann M. [D-NH-2]* 01/13/2017
Rep. Schakowsky, Janice D. [D-IL-9]* 01/13/2017
Rep. Keating, William R. [D-MA-9]* 01/13/2017
Rep. Sanchez, Linda T. [D-CA-38]* 01/13/2017
Rep. Lawrence, Brenda L. [D-MI-14]* 01/13/2017
Rep. Foster, Bill [D-IL-11]* 01/13/2017
Rep. Engel, Eliot L. [D-NY-16]* 01/13/2017
Rep. Pocan, Mark [D-WI-2]* 01/13/2017
Rep. Lynch, Stephen F. [D-MA-8]* 01/13/2017
Rep. Heck, Denny [D-WA-10]* 01/13/2017
Rep. McCollum, Betty [D-MN-4]* 01/13/2017
Rep. Meng, Grace [D-NY-6]* 01/13/2017
Rep. Sarbanes, John P. [D-MD-3]* 01/13/2017
Rep. Levin, Sander M. [D-MI-9]* 01/13/2017
Rep. Payne, Donald M., Jr. [D-NJ-10]* 01/13/2017
Rep. Himes, James A. [D-CT-4]* 01/13/2017
Rep. Conyers, John, Jr. [D-MI-13]* 01/13/2017
Rep. Chu, Judy [D-CA-27]* 01/13/2017
Rep. Scott, Robert C. "Bobby" [D-VA-3]* 01/13/2017
Rep. McGovern, James P. [D-MA-2]* 01/13/2017
Rep. Shea-Porter, Carol [D-NH-1]* 01/13/2017
Rep. Lowey, Nita M. [D-NY-17]* 01/13/2017
Rep. Sherman, Brad [D-CA-30]* 01/13/2017
Rep. Ellison, Keith [D-MN-5]* 01/13/2017
Rep. Grijalva, Raul M. [D-AZ-3]* 01/13/2017
Rep. Wasserman Schultz, Debbie [D-FL-23]* 01/13/2017
Rep. Esty, Elizabeth H. [D-CT-5]* 01/13/2017
Rep. DeSaulnier, Mark [D-CA-11]* 01/13/2017
Rep. Courtney, Joe [D-CT-2]* 01/13/2017
Rep. Kilmer, Derek [D-WA-6]* 01/13/2017
Rep. Velazquez, Nydia M. [D-NY-7]* 01/13/2017
Rep. Lee, Barbara [D-CA-13]* 01/13/2017
Rep. Cohen, Steve [D-TN-9]* 01/13/2017
Rep. Eshoo, Anna G. [D-CA-18]* 01/13/2017
Rep. Clarke, Yvette D. [D-NY-9]* 01/13/2017
Rep. Blumenauer, Earl [D-OR-3]* 01/13/2017
Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] 01/24/2017
Rep. Walz, Timothy J. [D-MN-1] 01/24/2017
Rep. Lofgren, Zoe [D-CA-19] 02/14/2017
Rep. Evans, Dwight [D-PA-2] 02/27/2017
Rep. Yarmuth, John A. [D-KY-3] 03/01/2017
Rep. Thompson, Mike [D-CA-5] 03/13/2017
Rep. Nolan, Richard M. [D-MN-8] 11/16/2017
Rep. Carbajal, Salud O. [D-CA-24] 01/10/2018
Rep. Watson Coleman, Bonnie [D-NJ-12] 01/18/2018
Rep. Brady, Robert A. [D-PA-1] 01/22/2018
Rep. Espaillat, Adriano [D-NY-13] 02/05/2018
Rep. Khanna, Ro [D-CA-17] 02/13/2018
Rep. Lamb, Conor [D-PA-18] 04/27/2018

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 Commerce01/13/2017 Referred to
House Transportation and Infrastructure01/13/2017 Referred to
House Transportation and Infrastructure Subcommittee on Aviation01/17/2017 Referred to
House Transportation and Infrastructure Subcommittee on Coast Guard and Maritime Transportation01/17/2017 Referred to
House Transportation and Infrastructure Subcommittee on Highways and Transit01/17/2017 Referred to
House Transportation and Infrastructure Subcommittee on Railroads, Pipelines, and Hazardous Materials01/17/2017 Referred to
House Transportation and Infrastructure Subcommittee on Water Resources and Environment01/17/2017 Referred to
House Financial Services01/13/2017 Referred to
House Ways and Means01/13/2017 Referred to

As of 08/21/2018 no related bill information has been received for H.R.547 - National Infrastructure Development Bank Act of 2017.


Latest Summary (1)

There is one summary for H.R.547. View summaries

Shown Here:
Introduced in House (01/13/2017)

National Infrastructure Development Bank Act of 2017

This bill establishes the National Infrastructure Development Bank as a wholly owned government corporation.

The bank's board of directors shall be responsible for monitoring and overseeing energy, environmental, telecommunications, and transportation infrastructure projects. The board is authorized to: (1) make loans and loan guarantees to assist in the financing 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.

The bank shall establish a risk management committee, which shall: (1) create financial, credit, and operational risk management guidelines; (2) set guidelines to ensure diversification of lending activities by geographic region and infrastructure project type; (3) create conforming standards for financial assistance; (4) monitor financial, credit, and operational exposure; (5) provide financial recommendations to the board; and (6) ensure that the aggregate amount of interest subsidies provided for such bonds in a given calendar year does not exceed 28% of interest payable under all such bonds.

The board shall approve criteria established by the bank's executive committee for determining project eligibility for financial assistance. The bill sets forth criteria to be considered by the board for each type of infrastructure project. The executive committee shall 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.

Financial assistance for an infrastructure project: (1) shall be repayable from dedicated revenue sources that also secure the infrastructure project obligations, and (2) shall not exceed 50% of reasonably anticipated project costs.

Bank bonds shall be exempt from state or local government taxation.

Assisted projects must comply with wage rate, domestic content, and buy American statutes.

The board shall establish an American Infrastructure Bond program. The bill establishes the National Infrastructure Development Bank Trust Fund into which an amount equal to the tax receipts attributable to interest payable under such bonds is to be appropriated.