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HR 3162 104th Congress House

National Infrastructure Development Act of 1996

Official title: To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Develo… Show full official titleShow less

Official title: To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Development Corporation, and for other purposes.

Introduced: March 26, 1996 Introduced by: DeLauro, Rosa L. Democratic · Connecticut See on congress.gov
Economics and Public Finance Administrative feesAuditingCommerceCongress
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Congressional oversightCongressional reporting requirementsConstruction industriesConstruction workersCorporation taxesDividendsFinance and Financial SectorGovernment Operations and PoliticsGovernment contractorsGovernment corporationsGovernment lendingGovernment trust fundsInfrastructureInfrastructure (Economics)Insurance companies
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This bill died when the 104th Congress ended
It never became law before the 104th Congress (1995–1996) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 8, 1996
Referred to the Subcommittee on Aviation.
Apr 8, 1996
Referred to the Subcommittee on Railroads.
Apr 8, 1996
Referred to the Subcommittee on Water Resources and Environment.
Apr 8, 1996
Referred to the Subcommittee on Surface Transportation.
Apr 4, 1996
Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Mar 26, 1996
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on Banking and 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.
Mar 26, 1996
Introduced in House
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 Latest action April 8, 1996

Referred to the Subcommittee on Aviation.

 Plain-English summary Congressional Research Service

National Infrastructure Development Act of 1996 - Establishes as a wholly owned Government corporation: (1) the National Infrastructure Development Corporation (NIDC), which shall make new sources of financing (including public benefit bonds) available for the development of infrastructure facilities; and (2) the National Infrastructure Insurance Corporation (NIIC), which shall be a subsidiary of NIDC issuing insurance, reinsurance and related undertakings with respect to obligations for development of such facilities. Requires NIDC and NIIC to conduct their respective businesses as self-supporting entities.

Directs the boards of directors of each to establish criteria for determining eligibility for financial assistance.

Sets forth provisions regarding: (1) initial targeting of ready-to-go projects; (2) development risk insurance; (3) discretion of NIDC and NIIC to provide assistance; (4) final decisions regarding providing assistance to be made by an independent investment committee; and (5) capitalization, organization, and management of NIDC and NIIC.

Requires the NIDC to prepare and revise as necessary a strategic plan for the transition of NIDC and all its subsidiaries to a government-sponsored enterprise, and for the sale or transfer to investors other than the Federal Government of NIDC's voting securities. Authorizes appropriations.

 Related & companion bills 2
  • HR 3168 Identical bill National Infrastructure Development Act of 1996
  • S 2116 Identical bill National Infrastructure Development Act of 1996
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 8
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APA
U.S. Congress. (2026). H.R. 3162: National Infrastructure Development Act of 1996. 104th Congress. Open America. https://openamerica.io/bill/104-HR-3162/
MLA
"H.R. 3162: National Infrastructure Development Act of 1996." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-3162/.
Bluebook (legal)
H.R. 3162, 104th Cong. (2026), https://openamerica.io/bill/104-HR-3162/.
Markdown link
[H.R. 3162: National Infrastructure Development Act of 1996](https://openamerica.io/bill/104-HR-3162/)
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