Federal Infrastructure Bank Act of 2022
Latest action · Aug 10, 2022 Referred to the Subcommittee on Water Resources and Environment.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedAug 9, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Federal Infrastructure Bank Act of 2022
This bill provides for the establishment of the Federal Infrastructure Bank Holding Company (FIBHC), which shall be the parent company of the Federal Infrastructure Bank (the bank).
The bank shall provide equity investments, direct loans, and loan guarantees for the construction or maintenance of infrastructure projects in the United States with sufficient revenue sources and guarantees to support the payment of dividends, interest, principal, or fees to the bank. At least 10% of the loans, equity investments, and loan guarantees shall be for infrastructure projects in rural areas.
The Board of Governors of the Federal Reserve System shall have oversight and supervisory authority over the FIBHC and the bank. The bank shall establish an Infrastructure Guarantee Fund to cover loans and loan guarantees in the event of nonpayment by loan recipients.
The bill provides for a taxpayer credit in an amount equal to 10% of the amount such taxpayer paid to the FIBHC for an equity investment at its original issue.
Cosponsors 1
Members who signed on, in the order they did. All signed on Aug 9, 2022.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IL | Rodney Davis | Original | Aug 9, 2022 |
Committees 3
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Transportation and Infrastructure Committee | Referred Aug 9, 2022 |
| Aviation Subcommittee | Referred Aug 10, 2022 | |
| Coast Guard and Maritime Transportation Subcommittee | Referred Aug 10, 2022 | |
| Highways and Transit Subcommittee | Referred Aug 10, 2022 | |
| Railroads, Pipelines, and Hazardous Materials Subcommittee | Referred Aug 10, 2022 | |
| Water Resources and Environment Subcommittee | Referred Aug 10, 2022 | |
| House | Financial Services Committee | Referred Aug 9, 2022 |
| House | Ways and Means Committee | Referred Aug 9, 2022 |
Actions 7
Everything that happened, newest first.
- Aug 10, 2022Referred to the Subcommittee on Aviation.
- Aug 10, 2022Referred to the Subcommittee on Coast Guard and Maritime Transportation.
- Aug 10, 2022Referred to the Subcommittee on Highways and Transit.
- Aug 10, 2022Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
- Aug 10, 2022Referred to the Subcommittee on Water Resources and Environment.
- Aug 9, 2022Introduced in House
- Aug 9, 2022Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on 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.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Lists H7557H.R. 8682–8700 | — | Aug 9, 2022 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 168, no. 134, August 9, 2022, page H7557.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To establish the Federal Infrastructure Bank to facilitate investment in, and the long-term financing of, economically viable United States infrastructure projects that provide a public benefit, and for other purposes.
- Short Title(s) as Introduced
- Federal Infrastructure Bank Act of 2022
Subjects
Assigned by the Library of Congress. Policy area: Transportation and Public Works.
Text 1
Each version as it was printed, newest first.
- Aug 9, 2022Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
