Federal Infrastructure Bank Act of 2022

United States117th CongressHR-8682House of Representatives
Updated: Aug 10, 2022

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.

Bill texts

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Introduced (House)View official text

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Timeline

  1. Referred to the Subcommittee on Aviation.

    House of Representatives

  2. Referred to the Subcommittee on Coast Guard and Maritime Transportation.

    House of Representatives

  3. Referred to the Subcommittee on Water Resources and Environment.

    House of Representatives

  4. Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

    House of Representatives