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HR 2521 111th Congress House Government Operations and Politics Accounting and auditing Air quality Alternative and renewable resources Bank accounts, deposits, capital Broadcasting, cable, digital technologies Economic development Electric power generation and transmission Employment and training programs Energy efficiency and conservation Energy storage, supplies, demand Environmental health Executive agency funding and structure Federal preemption Government corporations and government-sponsored enterprises Government lending and loan guarantees Infrastructure development Intergovernmental relations Public housing Rural conditions and development

National Infrastructure Development Bank Act of 2009

Introduced: May 20, 2009 Introduced by: DeLauro, Rosa L. Democratic · Connecticut See on congress.gov
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 Everywhere this bill has been 11 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2009
Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
May 20, 2009
Referred to the Subcommittee on Water Resources and Environment.
May 20, 2009
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
May 20, 2009
Referred to the Subcommittee on Highways and Transit.
May 20, 2009
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
May 20, 2009
Referred to the Subcommittee on Aviation.
May 20, 2009
Referred to House Financial Services
May 20, 2009
Referred to House Transportation and Infrastructure
May 20, 2009
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, and Financial Services, 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.
May 20, 2009
Referred to House Energy and Commerce
May 20, 2009
Introduced in House
 Plain-English summary Congressional Research Service

National Infrastructure Development Bank Act of 2009 - Establishes the National Infrastructure Development Bank as a wholly owned government corporation.

Makes the Bank's Board of Directors responsible for monitoring and overseeing energy, environmental, telecommunications, and transportation infrastructure projects. Authorizes the Board to: (1) issue public benefit bonds and provide direct subsidies to infrastructure projects; (2) borrow on the global capital market and lend to entities and commercial banks for funding infrastructure projects; and (3) purchase, pool, and sell infrastructure-related loans and securities on such market. Requires the Board to establish criteria for determining project eligibility for financial assistance under this Act.

Sets forth the duties of the Bank's executive committee and audit committee.

Requires the Bank to establish a risk management committee, which shall: (1) create financial, credit, and operational risk management guidelines for the Bank; (2) set standards to ensure diversification of lending activities by both region and infrastructure project type; and (3) create conforming standards for infrastructure finance securities.

Exempts all notes, debentures, bonds or other such obligations issued by the Bank, and the interest on or credits with respect to such bonds or other obligations, from state or local government taxation.

Terminates the Bank after 15 years.

What's happening now May 21, 2009

Referred to the Subcommittee on Commerce, Trade and Consumer Protection.

 Committees of jurisdiction 9
 Cosponsors 16
All 16 Democratic 16