US Congress House Bill 2521 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 61-1)
Status: Introduced on May 20 2009 - 25% progression, died in chamber
Action: 2009-05-21 - Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
Text: Latest bill text (Introduced) [PDF]

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.

National Infrastructure Development Bank Act of 2009

Rep. Shelley Berkley [D-NV]	Rep. Howard Berman [D-CA]	Rep. Earl Blumenauer [D-OR]	Rep. John Boccieri [D-OH]
Rep. Madeleine Bordallo [D-GU]	Rep. Leonard Boswell [D-IA]	Rep. Bruce Braley [D-IA]	Rep. Judy Chu [D-CA]
Rep. John Conyers [D-MI]	Rep. Joe Courtney [D-CT]	Rep. Bill Delahunt [D-MA]	Rep. William Delahunt [D-MA]
Rep. Rosa DeLauro [D-CT]	Rep. Steve Driehaus [D-OH]	Rep. Keith Ellison [D-MN]	Rep. Bob Etheridge [D-NC]
Rep. Sam Farr [D-CA]	Rep. Chaka Fattah [D-PA]	Rep. Barney Frank [D-MA]	Rep. Charles Gonzalez [D-TX]
Rep. Luis Gutierrez [D-IL]	Rep. Phil Hare [D-IL]	Rep. Alcee Hastings [D-FL]	Rep. James Himes [D-CT]
Rep. Maurice Hinchey [D-NY]	Sen. Mazie Hirono [D-HI]	Rep. Steve Israel [D-NY]	Rep. Jesse Jackson [D-IL]
Rep. Sheila Jackson-Lee [D-TX]	Rep. John Larson [D-CT]	Rep. Barbara Lee [D-CA]	Sen. Ben Lujan [D-NM]
Rep. Stephen Lynch [D-MA]	Rep. Eric Massa [D-NY]	Rep. Jim McDermott [D-WA]	Rep. James McGovern [D-MA]
Rep. Brad Miller [D-NC]	Rep. Gwen Moore [D-WI]	Sen. Christopher Murphy [D-CT]	Rep. Bill Pascrell [D-NJ]
Rep. Thomas Perriello [D-VA]	Rep. Pedro Pierluisi [N-PR]	Rep. Laura Richardson [D-CA]	Rep. Bobby Rush [D-IL]
Rep. Tim Ryan [D-OH]	Rep. Linda Sanchez [D-CA]	Rep. Janice Schakowsky [D-IL]	Rep. Adam Schiff [D-CA]
Rep. Allyson Schwartz [D-PA]	Rep. Carol Shea-Porter [D-NH]	Rep. Louise Slaughter [D-NY]	Rep. Jackie Speier [D-CA]
Rep. Betty Sutton [D-OH]	Rep. John Tierney [D-MA]	Rep. Paul Tonko [D-NY]	Rep. Paul Tonko [D-NY]
Sen. Chris Van Hollen [D-MD]	Rep. Melvin Watt [D-NC]	Rep. Anthony Weiner [D-NY]	Sen. Peter Welch [D-VT]
Rep. Lynn Woolsey [D-CA]	Rep. John Yarmuth [D-KY]

Date	Chamber	Action
2009-05-21		Referred to the Subcommittee on Commerce, Trade and Consumer Protection.
2009-05-20		Referred to House Financial Services
2009-05-20		Referred to the Subcommittee on Water Resources and Environment.
2009-05-20		Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
2009-05-20		Referred to the Subcommittee on Highways and Transit.
2009-05-20		Referred to the Subcommittee on Coast Guard and Maritime Transportation.
2009-05-20		Referred to the Subcommittee on Aviation.
2009-05-20		Referred to House Transportation and Infrastructure
2009-05-20		Referred to House Energy and Commerce
2009-05-20		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.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/2521/all-info
Text	https://www.congress.gov/111/bills/hr2521/BILLS-111hr2521ih.pdf