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H.R. 7231 116th Congress House

Infrastructure Bank for America Act of 2020

Official title: To establish the Infrastructure Bank for America as a corporation to serve as a lender for and investor in infrastructure projects, and for other purposes.

Introduced: June 15, 2020 Introduced by: Daniel Webster Republican · Florida See on congress.gov
Transportation and Public Works Business investment and capitalGovernment lending and loan guaranteesIncome tax creditsIncome tax deductions
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Infrastructure developmentInterest, dividends, interest ratesRural conditions and developmentSecuritiesState and local finance
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 16, 2020
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Jun 16, 2020
Referred to the Subcommittee on Aviation.
Jun 16, 2020
Referred to the Subcommittee on Water Resources and Environment.
Jun 16, 2020
Referred to the Subcommittee on Highways and Transit.
Jun 15, 2020
Introduced in House
Jun 15, 2020
Referred to the Committee on Transportation and Infrastructure, and in addition to the Committees on 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.
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 Latest action June 16, 2020

Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.

 Plain-English summary Congressional Research Service

Infrastructure Bank for America Act of 2020

This bill provides for the establishment of the Infrastructure Bank Holding Company (IBHC), which shall be the parent company of the Infrastructure Bank for America (the bank). The bank shall provide (1) equity investments, direct loans, indirect loans, and loan guarantees for the construction or maintenance of revenue-producing infrastructure projects in the United States with sufficient revenue sources and guarantees to support the interest and principal payments to such bank; and (2) direct and indirect loans and loan guarantees to state and local governments and state infrastructure banks for the construction or maintenance of infrastructure projects. At least 7% of the dollar amount of the loans, equity investments, and loan guarantees shall be for infrastructure projects in rural areas.

The Board of Governors of the Federal Reserve System shall have oversight and supervisory authority over the IBHC and the bank. The Department of the Treasury shall oversee and supervise the issuance of bonds by the IBHC and the bank. The bank shall establish an Infrastructure Guarantee Fund to cover loans and loan guarantees in the event of nonpayment by loan recipients.

The bill provides for a taxpayer credit in an amount equal to 10% of the amount such taxpayer paid to the IBHC for an equity investment at its original issue.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 7
 Cosponsors 6
All 6 Republican 3
Davis, Rodney
· Sep 23, 2020
Spano, Ross
· Sep 17, 2020
 R
Wilson, Joe
South Carolina · Sep 17, 2020
 R
LaMalfa, Doug
California · Jun 15, 2020
 R
Meuser, Daniel
Pennsylvania · Jun 15, 2020
Reed, Tom
· Jun 15, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 7231: Infrastructure Bank for America Act of 2020. 116th Congress. Open America. https://openamerica.io/bill/116-HR-7231/
MLA
"H.R. 7231: Infrastructure Bank for America Act of 2020." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-7231/.
Bluebook (legal)
H.R. 7231, 116th Cong. (2026), https://openamerica.io/bill/116-HR-7231/.
Markdown link
[H.R. 7231: Infrastructure Bank for America Act of 2020](https://openamerica.io/bill/116-HR-7231/)
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