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HR 8682 117th Congress House Transportation and Public Works

Federal Infrastructure Bank Act of 2022

Introduced: August 9, 2022 Introduced by: Webster, Daniel Republican · Florida See on congress.gov
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 Everywhere this bill has been 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 10, 2022
Referred to the Subcommittee on Water Resources and Environment.
Aug 10, 2022
Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Aug 10, 2022
Referred to the Subcommittee on Highways and Transit.
Aug 10, 2022
Referred to the Subcommittee on Coast Guard and Maritime Transportation.
Aug 10, 2022
Referred to the Subcommittee on Aviation.
Aug 9, 2022
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.
Aug 9, 2022
Introduced in House
 Plain-English summary Congressional Research Service

Federal Infrastructure Bank Act of 2022

This bill provides for the establishment of the Federal Infrastructure Bank Holding Company (FIBHC), which shall be the parent company of the Federal Infrastructure Bank (the bank).

The bank shall provide equity investments, direct loans, and loan guarantees for the construction or maintenance of infrastructure projects in the United States with sufficient revenue sources and guarantees to support the payment of dividends, interest, principal, or fees to the bank. At least 10% 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 FIBHC 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 FIBHC for an equity investment at its original issue.

What's happening now August 10, 2022

Referred to the Subcommittee on Water Resources and Environment.

 Committees of jurisdiction 8