3.0.0 3896 2023-01-11T20:23:38Z 2023-01-11T20:23:38Z House H HR 2007-10-18 110 hspw00 Transportation and Infrastructure Committee House Standing hspw02 Water Resources and Environment Subcommittee Referred to 2007-10-19T14:25:58Z hspw14 Railroads, Pipelines, and Hazardous Materials Subcommittee Referred to 2007-10-19T14:25:38Z hspw12 Highways and Transit Subcommittee Referred to 2007-10-19T14:25:13Z hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee Referred to 2007-10-19T14:24:54Z hspw07 Coast Guard and Maritime Transportation Subcommittee Referred to 2007-10-19T14:24:23Z hspw05 Aviation Subcommittee Referred to 2007-10-19T14:23:50Z Referred to 2007-10-18T14:03:15Z hswm00 Ways and Means Committee House Standing Referred to 2007-10-18T14:03:25Z hsba00 Financial Services Committee House Standing Referred to 2007-10-18T14:03:20Z 2007-10-19 hspw02 Water Resources and Environment Subcommittee 1 House committee actions Referred to the Subcommittee on Water Resources and Environment. Committee 2007-10-19 hspw14 Railroads, Pipelines, and Hazardous Materials Subcommittee 1 House committee actions Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. Committee 2007-10-19 hspw12 Highways and Transit Subcommittee 1 House committee actions Referred to the Subcommittee on Highways and Transit. Committee 2007-10-19 hspw13 Economic Development, Public Buildings, and Emergency Management Subcommittee 1 House committee actions Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. Committee 2007-10-19 hspw07 Coast Guard and Maritime Transportation Subcommittee 1 House committee actions Referred to the Subcommittee on Coast Guard and Maritime Transportation. Committee 2007-10-19 hspw05 Aviation Subcommittee 1 House committee actions Referred to the Subcommittee on Aviation. Committee 2007-10-18 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 2007-10-18 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 2007-10-18 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 2007-10-18 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 2007-10-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-10-18 Introduced in House IntroReferral 1000 9 Library of Congress D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 N W000792 Rep. Weiner, Anthony D. [D-NY-9] ANTHONY WEINER D NY D. 9 2007-10-18 True I000057 Rep. Israel, Steve [D-NY-2] STEVE ISRAEL D NY 2 2007-10-18 True H001040 Rep. Hare, Phil [D-IL-17] Phil Hare D IL 17 2007-10-18 True W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2007-10-18 True C000868 Rep. Cramer, Robert E. (Bud), Jr. [D-AL-5] ROBERT CRAMER D AL E. 5 2007-12-13 False F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2007-12-18 False B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2007-12-18 False M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2007-12-18 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2008-02-06 False S001174 Rep. Sutton, Betty [D-OH-13] Betty Sutton D OH 13 2008-02-06 False M001163 Rep. Matsui, Doris O. [D-CA-5] Doris Matsui D CA O. 5 2008-02-06 False R000577 Rep. Ryan, Tim [D-OH-17] TIM RYAN D OH 17 2008-02-06 False H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2008-03-03 False S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2008-03-10 False B001259 Rep. Braley, Bruce L. [D-IA-1] Bruce Braley D IA L. 1 2008-05-05 False C001072 Rep. Carson, Andre [D-IN-7] Andre Carson D IN 7 2008-06-17 False H001042 Rep. Hirono, Mazie K. [D-HI-2] Mazie Hirono D HI K. 2 2008-06-19 False M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2008-07-08 False Transportation and Public Works Annuities Bonds Capital gains tax Commerce Construction costs Dividends Economics and Public Finance Federally-guaranteed loans Finance and Financial Sector Government Operations and Politics Government corporations Government lending Income tax Infrastructure Infrastructure (Economics) Interest Labor and Employment Mutual funds Public-private partnerships Tax exclusion Tax-deferred compensation plans Taxation Transportation and Public Works 00 2007-10-18 Introduced in House 2007-12-11T23:14:50Z National Infrastructure Development Act of 2007 - 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: (1) make senior and subordinated loans and purchase senior and subordinated debt securities and equity securities; (2) enter into commitments to make any such loan or security purchases, on such terms as the Corporation may (in its discretion) determine to be appropriate, the proceeds of which are to be used to finance or refinance development of infrastructure facilities; and (3) 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% 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 2007 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 Display Title National Infrastructure Development Act of 2007 Short Titles as Introduced National Infrastructure Development Act of 2007 Introduced in House 2007-10-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr3896ih/xml/BILLS-110hr3896ih.xml 2007-10-19 Referred to the Subcommittee on Water Resources and Environment. 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.