3.0.0 3715 2023-01-15T09:32:51Z 2023-01-15T09:32:51Z House H HR 2004-01-21 108 hsba00 Financial Services Committee House Standing hsba19 Domestic Monetary Policy and Technology Subcommittee Referred to 2004-02-02T16:36:48Z Referred to 2004-01-21T15:00:15Z hspw00 Transportation and Infrastructure Committee House Standing hspw02 Water Resources and Environment Subcommittee Referred to 2004-01-22T17:41:24Z hspw12 Highways and Transit Subcommittee Referred to 2004-01-22T17:41:19Z Referred to 2004-01-21T15:00:10Z hswm00 Ways and Means Committee House Standing Referred to 2004-01-21T15:00:20Z 2004-02-02 hsba19 Domestic Monetary Policy and Technology Subcommittee 1 House committee actions Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology, for a period to be subsequently determined by the Chairman. Committee 2004-01-22 hspw02 Water Resources and Environment Subcommittee 1 House committee actions Referred to the Subcommittee on Water Resources and Environment. Committee 2004-01-22 hspw12 Highways and Transit Subcommittee 1 House committee actions Referred to the Subcommittee on Highways, Transit and Pipelines. Committee 2004-01-21 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2004-01-21 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2004-01-21 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. IntroReferral H11100-A 9 Library of Congress 2004-01-21 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. IntroReferral H11100 2 House floor actions hspw00 Transportation and Infrastructure Committee 2004-01-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2004-01-21 Introduced in House IntroReferral 1000 9 Library of Congress D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 N F000392 Rep. Frost, Martin [D-TX-24] MARTIN FROST D TX 24 2004-01-21 True O000159 Rep. Owens, Major R. [D-NY-11] MAJOR OWENS D NY R. 11 2004-01-21 True B001241 Rep. Bell, Chris [D-TX-25] Chris Bell D TX 25 2004-02-10 False S000480 Rep. Slaughter, Louise McIntosh [D-NY-28] LOUISE SLAUGHTER D NY M. 28 2004-02-26 False G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2004-02-26 False L000551 Rep. Lee, Barbara [D-CA-9] BARBARA LEE D CA 9 2004-04-20 False Transportation and Public Works Accounting Administrative fees Airports Auditing Bridges Building construction Business records Capital investments Commerce Congress Congressional investigations Congressional oversight Congressional reporting requirements Construction industries Construction workers Dividends Economics and Public Finance Elementary and secondary education Environmental Protection Executive reorganization Federal-state relations Federally-guaranteed loans Fees Finance and Financial Sector Financial statements Government Operations and Politics Government contractors Government corporations Government insurance Government lending Government paperwork Hazardous wastes Income tax Infrastructure Infrastructure (Economics) Insurance companies Interest Intermodal transportation Investment guaranty insurance Labor and Employment Leases Marine terminals Mass rapid transit Minimum wages Mutual funds Pension funds Pollution control Privatization Public meetings Public-private partnerships Railroad engineering Railroad freight operations Railroad passenger traffic Reinsurance Revolving funds Road construction Roads and highways School buildings Securities Sewage treatment Sewerage Strategic planning Subsidiary corporations Tax-exempt securities Taxation Terminals (Transportation) Transportation engineering Tunnels Wages Waste water treatment Water Resources Development Water treatment plants Waterways Transportation and Public Works 00 2004-01-21 Introduced in House 2004-06-09T15:24:23Z National Infrastructure Development Act of 2004 - Establishes the National Infrastructure Development Corporation and the National Infrastructure Insurance Corporation as wholly owned Government corporations that shall conduct their respective businesses as self-supporting entities.

Empowers the National Infrastructure Development Corporation to make senior and subordinated loans and purchase senior and subordinated debt securities and equity securities, and to enter into commitments to make any such loan or security purchases, on such terms as the Corporation may determine, in its discretion, to be appropriate, the proceeds of which are to be used to finance or refinance development of infrastructure facilities, and to provide preconstruction phase assistance.

Empowers the National Infrastructure Insurance Corporation to insure and reinsure bonds, debentures, notes, debt instruments, loans, and any interest thereon, the proceeds of which are to be used to finance or refinance development of infrastructure facilities.

Declares that: (1) obligations of either Corporation, and obligations insured by any such corporation shall not be obligations of, or guaranteed as to principal or interest by, the United States or any Federal agency; and (2) assistance from the NIC shall not be treated as a direct or indirect guarantee of any payment by the United States of principal or interest on any security.

Amends the Internal Revenue Code to prescribe guidelines for the tax treatment of distributions from qualified retirement plans investing in public benefit bonds (defined as any obligation issued after the date of the enactment of this Act if: (1) 95 percent or more of the net proceeds of such obligation are used in connection with the financing or refinancing of infrastructure facilities; (2) such obligation has received a published rating, and (3) development of such infrastructure facilities is undertaken by a governmental entity or public-private partnership).

]]> National Infrastructure Development Act of 2004 Display Title National Infrastructure Development Act of 2004 Official Title as Introduced To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Development Corporation, and for other purposes. Introduced in House IH Short Titles as Introduced National Infrastructure Development Act of 2004 Introduced in House 2004-01-21T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-108hr3715ih/xml/BILLS-108hr3715ih.xml 2004-02-02 Referred to the Subcommittee on Domestic and International Monetary Policy, Trade, and Technology, for a period to be subsequently determined by the Chairman. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.