Legis Daily

National Infrastructure Investment Corporation Act of 2023

USA118th CongressHR-3360| House 
| Updated: 5/17/2023
Salud O. Carbajal

Salud O. Carbajal

Democratic Representative

California

Cosponsors (1)
Daniel Webster (Republican)

Transportation and Infrastructure Committee, Highways and Transit Subcommittee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
National Infrastructure Investment Corporation Act of 2023 This bill establishes the National Infrastructure Investment Corporation as a government corporation to finance infrastructure projects that are beyond the financing capabilities of states and cities, including to (1) prioritize projects in a fair and efficient manner, and (2) minimize financial costs to the federal government. The corporation must provide loans, loan guarantees, and bonds to eligible applicants for infrastructure projects (including transportation, energy, environment, and telecommunications projects) in the United States. The corporation must submit a report to Congress describing each application 60 days before any loan or loan guarantee is awarded under this bill. The corporation may award the loan or loan agreement after such period unless Congress enacts a joint resolution disapproving the application with an explanation for such disapproval. An application that addresses the basis for the disapproval may be resubmitted to the corporation. Every five years, the Government Accountability Office must evaluate the activities of the corporation from the previous five fiscal years and submit a report to Congress.
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Timeline

Bill from Previous Congress

HR 116-4780
National Infrastructure Investment Corporation Act of 2019

Bill from Previous Congress

HR 117-4446
National Infrastructure Investment Corporation Act of 2021
May 16, 2023
Introduced in House
May 16, 2023
Referred to the House Committee on Transportation and Infrastructure.
May 17, 2023
Referred to the Subcommittee on Highways and Transit.
  • Bill from Previous Congress

    HR 116-4780
    National Infrastructure Investment Corporation Act of 2019


  • Bill from Previous Congress

    HR 117-4446
    National Infrastructure Investment Corporation Act of 2021


  • May 16, 2023
    Introduced in House


  • May 16, 2023
    Referred to the House Committee on Transportation and Infrastructure.


  • May 17, 2023
    Referred to the Subcommittee on Highways and Transit.

Transportation and Public Works

National Infrastructure Investment Corporation Act of 2023

USA118th CongressHR-3360| House 
| Updated: 5/17/2023
National Infrastructure Investment Corporation Act of 2023 This bill establishes the National Infrastructure Investment Corporation as a government corporation to finance infrastructure projects that are beyond the financing capabilities of states and cities, including to (1) prioritize projects in a fair and efficient manner, and (2) minimize financial costs to the federal government. The corporation must provide loans, loan guarantees, and bonds to eligible applicants for infrastructure projects (including transportation, energy, environment, and telecommunications projects) in the United States. The corporation must submit a report to Congress describing each application 60 days before any loan or loan guarantee is awarded under this bill. The corporation may award the loan or loan agreement after such period unless Congress enacts a joint resolution disapproving the application with an explanation for such disapproval. An application that addresses the basis for the disapproval may be resubmitted to the corporation. Every five years, the Government Accountability Office must evaluate the activities of the corporation from the previous five fiscal years and submit a report to Congress.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-4780
National Infrastructure Investment Corporation Act of 2019

Bill from Previous Congress

HR 117-4446
National Infrastructure Investment Corporation Act of 2021
May 16, 2023
Introduced in House
May 16, 2023
Referred to the House Committee on Transportation and Infrastructure.
May 17, 2023
Referred to the Subcommittee on Highways and Transit.
  • Bill from Previous Congress

    HR 116-4780
    National Infrastructure Investment Corporation Act of 2019


  • Bill from Previous Congress

    HR 117-4446
    National Infrastructure Investment Corporation Act of 2021


  • May 16, 2023
    Introduced in House


  • May 16, 2023
    Referred to the House Committee on Transportation and Infrastructure.


  • May 17, 2023
    Referred to the Subcommittee on Highways and Transit.
Salud O. Carbajal

Salud O. Carbajal

Democratic Representative

California

Cosponsors (1)
Daniel Webster (Republican)

Transportation and Infrastructure Committee, Highways and Transit Subcommittee

Transportation and Public Works

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted