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HR 402 112th Congress House

National Infrastructure Development Bank Act of 2011

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

Introduced: July 11, 2011 Introduced by: DeLauro, Rosa L. Democratic · Connecticut See on congress.gov
Government Operations and Politics Accounting and auditingAir qualityAlternative and renewable resourcesBank accounts, deposits, capital
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Broadcasting, cable, digital technologiesEconomic developmentElectric power generation and transmissionEmployment and training programsEnergy efficiency and conservationEnergy storage, supplies, demandEnvironmental healthExecutive agency funding and structureFederal preemptionGovernment corporations and government-sponsored enterprisesGovernment lending and loan guaranteesInfrastructure developmentIntergovernmental relationsPublic housingRural conditions and developmentState and local taxationTax-exempt organizationsTelephone and wireless communicationTransportation programs fundingUser charges and feesWages and earningsWomen's employment
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 2011
Referred to the Subcommittee on Domestic Monetary Policy and Technology.
Feb 1, 2011
Referred to the Subcommittee on Energy and Power.
Jan 25, 2011
Referred to the Subcommittee on Water Resources and Environment.
Jan 25, 2011
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Jan 25, 2011
Referred to the Subcommittee on Highways and Transit.
Jan 25, 2011
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Jan 25, 2011
Referred to the Subcommittee on Aviation.
Jan 24, 2011
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.
Jan 24, 2011
Introduced in House
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 Latest action March 23, 2011

Referred to the Subcommittee on Domestic Monetary Policy and Technology.

 Plain-English summary Congressional Research Service

National Infrastructure Development Bank Act of 2011 - 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 financing to infrastructure projects; and (2) borrow on the global capital market and lend to entities and commercial banks for funding infrastructure projects. 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.

 Related & companion bills 1
  • HR 3638 Related bill Act for the 99%
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 10
 Cosponsors 38
All 38 Democratic 25
D
McCollum, Betty
Minnesota · Nov 29, 2012
 D
Carson, André
Indiana · Dec 12, 2011
 D
Thompson, Mike
California · Dec 12, 2011
 D
Sherman, Brad
California · Nov 14, 2011
Carnahan, Russ
· Nov 2, 2011
 D
Keating, William R.
Massachusetts · Nov 2, 2011
CHRISTENSEN, DONNA
· Sep 12, 2011
Richmond, Cedric
· Sep 12, 2011
LOWEY, NITA
· Sep 9, 2011
 D
Matsui, Doris O.
California · Sep 9, 2011
BERMAN, HOWARD
· Aug 26, 2011
 D
DeGette, Diana
Colorado · Aug 26, 2011
 D
Schakowsky, Janice D.
Illinois · Jul 25, 2011
 D
Green, Al
Texas · Jul 19, 2011
 D
Norton, Eleanor Holmes
District of Columbia · Jul 11, 2011
GREEN, GENE
· Jul 6, 2011
WATT, MELVIN
· Apr 7, 2011
 D
Pingree, Chellie
Maine · Mar 30, 2011
 D
Sánchez, Linda T.
California · Mar 17, 2011
 D
Garamendi, John
California · Mar 11, 2011
 D
Schiff, Adam B.
California · Mar 3, 2011
 D
Tonko, Paul
New York · Feb 10, 2011
FRANK, BARNEY
· Jan 26, 2011
 D
McGovern, James P.
Massachusetts · Jan 26, 2011
 D
Welch, Peter
Vermont · Jan 26, 2011
BERKLEY, SHELLEY
· Jan 24, 2011
Bordallo, Madeleine
· Jan 24, 2011
 D
Courtney, Joe
Connecticut · Jan 24, 2011
GONZALEZ, CHARLES
· Jan 24, 2011
 D
Himes, James A.
Connecticut · Jan 24, 2011
 D
Hirono, Mazie K.
Hawaii · Jan 24, 2011
 D
Larson, John B.
Connecticut · Jan 24, 2011
 D
Luján, Ben Ray
New Mexico · Jan 24, 2011
 D
Lynch, Stephen F.
Massachusetts · Jan 24, 2011
 D
Murphy, Christopher
Connecticut · Jan 24, 2011
Sutton, Betty
· Jan 24, 2011
 D
Van Hollen, Chris
Maryland · Jan 24, 2011
WEINER, ANTHONY
· Jan 24, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 402: National Infrastructure Development Bank Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-HR-402/
MLA
"H.R. 402: National Infrastructure Development Bank Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-402/.
Bluebook (legal)
H.R. 402, 112th Cong. (2026), https://openamerica.io/bill/112-HR-402/.
Markdown link
[H.R. 402: National Infrastructure Development Bank Act of 2011](https://openamerica.io/bill/112-HR-402/)
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