Federal Infrastructure Bank Act of 2022
USA117th CongressHR-8682| House
| Updated: 8/10/2022
Daniel Webster
Republican Representative
Florida
Cosponsors (1)
Committees (8)
• Railroads, Pipelines, and Hazardous Materials Subcommittee• Transportation and Infrastructure Committee• Ways and Means Committee• Water Resources and Environment Subcommittee• Highways and Transit Subcommittee• Financial Services Committee• Coast Guard and Maritime Transportation Subcommittee• Aviation Subcommittee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
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.
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Referred to the Subcommittee on Highways and Transit.
Referred to the Subcommittee on Aviation.
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Referred to the Subcommittee on Water Resources and Environment.
Transportation and Public Works
Federal Infrastructure Bank Act of 2022
USA117th CongressHR-8682| House
| Updated: 8/10/2022
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.
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Timeline
Introduced in House
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.
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Referred to the Subcommittee on Highways and Transit.
Referred to the Subcommittee on Aviation.
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Referred to the Subcommittee on Water Resources and Environment.
Daniel Webster
Republican Representative
Florida
Cosponsors (1)
Committees (8)
• Railroads, Pipelines, and Hazardous Materials Subcommittee• Transportation and Infrastructure Committee• Ways and Means Committee• Water Resources and Environment Subcommittee• Highways and Transit Subcommittee• Financial Services Committee• Coast Guard and Maritime Transportation Subcommittee• Aviation Subcommittee
Transportation and Public Works
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted