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HR 3360 118th Congress House Transportation and Public Works

National Infrastructure Investment Corporation Act of 2023

Introduced: May 16, 2023 Introduced by: Carbajal, Salud O. Democratic · California See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
May 17, 2023
Referred to the Subcommittee on Highways and Transit.
May 16, 2023
Introduced in House
May 16, 2023
Referred to the House Committee on Transportation and Infrastructure.
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 Plain-English summary Congressional Research Service

National Infrastructure Investment Corporation Act of 2023

This bill establishes the National Infrastructure Investment Corporation as a government corporation to finance infrastructure projects that are beyond the financing capabilities of states and cities, including to (1) prioritize projects in a fair and efficient manner, and (2) minimize financial costs to the federal government.

The corporation must provide loans, loan guarantees, and bonds to eligible applicants for infrastructure projects (including transportation, energy, environment, and telecommunications projects) in the United States.

The corporation must submit a report to Congress describing each application 60 days before any loan or loan guarantee is awarded under this bill. The corporation may award the loan or loan agreement after such period unless Congress enacts a joint resolution disapproving the application with an explanation for such disapproval. An application that addresses the basis for the disapproval may be resubmitted to the corporation.

Every five years, the Government Accountability Office must evaluate the activities of the corporation from the previous five fiscal years and submit a report to Congress.
What's happening now May 17, 2023

Referred to the Subcommittee on Highways and Transit.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Webster, Daniel
Florida · May 16, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3360: National Infrastructure Investment Corporation Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3360/
MLA
"H.R. 3360: National Infrastructure Investment Corporation Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3360/.
Bluebook (legal)
H.R. 3360, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3360/.
Markdown link
[H.R. 3360: National Infrastructure Investment Corporation Act of 2023](https://openamerica.io/bill/118-HR-3360/)
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