US Congress House Bill 658 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 63-0)
Status: Introduced on January 17 2019 - 25% progression, died in committee
Action: 2019-02-07 - Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
Pending: House Subcommittee on Economic Development, Public Buildings, and Emergency Management Committee
Text: Latest bill text (Introduced) [PDF]

Establishes the National Infrastructure Development Bank as a government corporation to finance energy, environmental (e.g., drinking water or waste facilities), telecommunications, and transportation infrastructure projects. The National Infrastructure Development Bank Board, established by this bill, must oversee the projects. The board may make loans and loan guarantees to assist in financing infrastructure projects. In addition, the board must establish an American Infrastructure Bond program. Under the program, the board may subsidize interest payments by the issuers of state or local bonds. The bill establishes the National Infrastructure Development Bank Trust Fund and appropriates to the fund an amount equal to the tax receipts attributable to interest payable under the bonds. With the approval of the Department of the Treasury, the board may issue public benefit bonds to provide financing to infrastructure projects. The bill exempts bonds issued by the bank, and the interest on or credits with respect to the bonds, from state or local government taxation. Financial assistance for an infrastructure project must be repayable from dedicated revenue sources that also secure the infrastructure project obligations. The assistance may not exceed 50% of reasonably anticipated project costs.

National Infrastructure Development Bank Act of 2019

Rep. Rosa DeLauro [D-CT]	Rep. David Cicilline [D-RI]	Rep. Judy Chu [D-CA]	Rep. John Larson [D-CT]
Rep. Salud Carbajal [D-CA]	Rep. Dwight Evans [D-PA]	Rep. Theodore Deutch [D-FL]	Rep. Tim Ryan [D-OH]
Rep. Nydia Velazquez [D-NY]	Rep. Mark Pocan [D-WI]	Rep. David Price [D-NC]	Rep. Adriano Espaillat [D-NY]
Rep. Debbie Dingell [D-MI]	Rep. Don Beyer [D-VA]	Rep. Suzanne Bonamici [D-OR]	Rep. Paul Tonko [D-NY]
Rep. Brendan Boyle [D-PA]	Rep. John Garamendi [D-CA]	Sen. Peter Welch [D-VT]	Rep. Zoe Lofgren [D-CA]
Rep. Rick Larsen [D-WA]	Rep. James Langevin [D-RI]	Rep. Nita Lowey [D-NY]	Rep. Mark DeSaulnier [D-CA]
Rep. Anna Eshoo [D-CA]	Rep. Frederica Wilson [D-FL]	Rep. Alcee Hastings [D-FL]	Rep. Pete Aguilar [D-CA]
Rep. Raul Grijalva [D-AZ]	Rep. Conor Lamb [D-PA]	Rep. Ilhan Omar [D-MN]	Rep. Matthew Cartwright [D-PA]
Rep. Joe Courtney [D-CT]	Rep. Mark Takano [D-CA]	Rep. Eliot Engel [D-NY]	Rep. Robin Kelly [D-IL]
Rep. Adam Schiff [D-CA]	Rep. Gwen Moore [D-WI]	Rep. Betty McCollum [D-MN]	Rep. Bill Foster [D-IL]
Rep. Janice Schakowsky [D-IL]	Rep. Stephen Lynch [D-MA]	Rep. Debbie Wasserman Schultz [D-FL]	Rep. Andre Carson [D-IN]
Rep. James Himes [D-CT]	Rep. Ann Kuster [D-NH]	Rep. Yvette Clarke [D-NY]	Rep. Marc Veasey [D-TX]
Rep. Suzan DelBene [D-WA]	Rep. Michael Doyle [D-PA]	Rep. Katherine Clark [D-MA]	Rep. Robert Scott [D-VA]
Rep. Chellie Pingree [D-ME]	Rep. Tony Cardenas [D-CA]	Rep. Jose Serrano [D-NY]	Rep. Derek Kilmer [D-WA]
Rep. Brad Sherman [D-CA]	Rep. Ro Khanna [D-CA]	Rep. William Keating [D-MA]	Rep. Jackie Speier [D-CA]
Rep. James McGovern [D-MA]	Rep. Steve Cohen [D-TN]	Rep. Joseph Kennedy [D-MA]

Date	Chamber	Action
2019-02-07	House	Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.
2019-02-07	House	Referred to the Subcommittee on Aviation.
2019-02-07	House	Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
2019-02-07	House	Referred to the Subcommittee on Water Resources and Environment.
2019-02-07	House	Referred to the Subcommittee on Highways and Transit.
2019-01-17	House	Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, 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.
2019-01-17	House	Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, 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.
2019-01-17	House	Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, 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.
2019-01-17	House	Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, 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.
2019-01-17	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/house-bill/658/all-info
Text	https://www.congress.gov/116/bills/hr658/BILLS-116hr658ih.pdf