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Infrastructure Bank for America Act of 2020
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
51pct
1d open
vs 9,062 other HR bills in the 116th — cohort avg 39d
Infrastructure Bank for America Act of 2020 This bill provides for the establishment of the Infrastructure Bank Holding Company (IBHC), which shall be the parent company of the Infrastructure Bank for America (the bank). The bank shall provide (1) equity investments, direct loans, indirect loans, and loan guarantees for the construction or maintenance of revenue-producing infrastructure projects in the United States with sufficient revenue sources and guarantees to support the interest and principal payments to such bank; and (2) direct and indirect loans and loan guarantees to state and local governments and state infrastructure banks for the construction or maintenance of infrastructure projects. At least 7% of the dollar amount 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 IBHC and the bank. The Department of the Treasury shall oversee and supervise the issuance of bonds by the IBHC 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 IBHC for an equity investment at its original issue.
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Filing registrants (1)
2020 · third_quarter · Transportation
S. 2302, America's Transportation Infrastructure Act of 2019, a bill to amend Title 23, United States Code, to authorize funds for Federal-aid highways and highway safety construction programs, Title I, Subtitle A, Section 1101(a)(2), Transportation Infrastructure Finance and Innovation Program; Title II, Section 2001, Transportation Infrastructure Finance and Innovation Act of 1998 Amendments (all subsections) and specifically Section 2001(g)(4)(b), Airport-Related Projects. S. 353, Revitalizing American Priorities for Infrastructure Development or RAPID Act, a bill to amend Title 23, United States Code, to improve the transportation infrastructure finance and innovation (TIFIA) program. General education on the need to increase revenue for the Highway Trust Fund as originally authorized by the Federal-Aid Highway Act of 1956, Pub. L. 84-627 (June 29, 1956), as well as provisions to ensure the solvency of the Highway Trust Fund for the duration of a one-year extension of the Fixing Americas Surface Transportation (FAST) Act, Pub. L. 114-94 (December 4, 2015). Seeking a one-year extension of the Fixing Americas Surface Transportation (FAST) Act, Pub. L. 114-94 (December 4, 2015), all sections. Seeking $37 billion in Federal funding for state departments of transportation, as well as $32 billion for public transit agencies, in H.R. 925, The HEROES Act, as amended. General education on the use of public-private partnerships and private infrastructure investment for infrastructure projects of all types. H.R. 7523, TIFIA for Airports Act, to amend Title 23, USC, to make certain airport projects eligible under TIFIA. S. 563, Transportation Infrastructure Finance and Innovation Act for Airports, a bill to amend Title 23 of the United States Code to allow airport projects to be eligible to participate in the Transportation Infrastructure Finance and Innovation Act program. S. 3842, Rural Infrastructure Advancement Act of 2020, a bill to require the Secretary of Transportation to establish a pilot program to provide assistance to certain entities in rural communities. Implementation of the Transportation Infrastructure Finance and Innovation Act (TIFIA) Program, 23 USC, Section 601 (Generally applicable provisions) and Section 603 (Secured loans), Subsections (b)(2)(a) and (b)(4)(b). H.R. 7231, Infrastructure Bank for America Act of 2020, to establish the Infrastructure Bank for America as a corporation to serve as a lender for and investor in infrastructure projects.
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Referred to the Subcommittee on Water Resources and Environment.
Referred to the Subcommittee on Highways and Transit.
Referred to the Subcommittee on Aviation.
Referred 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.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: Not reported · Firm income: $40,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT)
| Republican |
| IL |
| Ross Spano | Republican | FL |
| Tom Reed | Republican | NY |