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H.R. 1075 110th Congress House

United States Territories Infrastructure Bond Bank Authorization Act

Official title: To establish the United States Territories Infrastructure Bond Bank, and for other purposes.

Introduced: February 15, 2007 See on congress.gov
Government Operations and Politics American SamoaAuditingBank managementBonds
More subjectsShow fewer subjects
Economics and Public FinanceFederal-territorial relationsFinance and Financial SectorGovernment paperworkGrants-in-aidGuamInfrastructureInfrastructure (Economics)Loan defaultsLocal financeMarshall IslandsNorthern Mariana IslandsSurety and fidelityTax exemptionTaxationVirgin Islands
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 2007
Referred to the Subcommittee on Insular Affairs.
Feb 15, 2007
Introduced in House
Feb 15, 2007
Referred to the Committee on Natural Resources, and in addition to the Committee on 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.
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 Latest action March 2, 2007

Referred to the Subcommittee on Insular Affairs.

 Plain-English summary Congressional Research Service

United States Territories Infrastructure Bond Bank Authorization Act - Directs the Secretary to establish a United States Territories Infrastructure Bond Bank to provide low-cost financing for the governments of American Samoa, Guam, the U.S. Virgin Islands, and the Northern Mariana Islands to construct infrastructure or to refinance debt acquired to construct infrastructure.

Directs the Secretary to incorporate the Bank in a U.S. jurisdiction and organize the initial meeting of its Board of Directors, which shall consist of five members, with one appointed by the Secretary and each of the governors of American Samoa, Guam, the U.S. Virgin Islands, and the Northern Mariana Islands. Allows the Secretary, after the initial five years of the Bank's existence, to invite the governor of another U.S. territory to appoint a Board member, at which time eligibility for Bank services shall be extended to that territory.

Authorizes the interception of federal aid intended for a U.S. territory that has defaulted on an obligation to the Bank. Exempts Bank activities and income from taxation.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1075: United States Territories Infrastructure Bond Bank Authorization Act. 110th Congress. Open America. https://openamerica.io/bill/110-HR-1075/
MLA
"H.R. 1075: United States Territories Infrastructure Bond Bank Authorization Act." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-1075/.
Bluebook (legal)
H.R. 1075, 110th Cong. (2026), https://openamerica.io/bill/110-HR-1075/.
Markdown link
[H.R. 1075: United States Territories Infrastructure Bond Bank Authorization Act](https://openamerica.io/bill/110-HR-1075/)
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