3.0.0 6422 2023-11-17T21:00:36Z 2023-11-17T21:00:36Z House HR 2020-03-31 116 [Congressional Record Volume 166, Number 63 (Tuesday, March 31, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. DANNY K. DAVIS of Illinois:H.R. 6422.Congress has the power to enact this legislation pursuantto the following:Article I of the Constitution and its subsequent amendmentsand further clarified and interpreted by the Supreme Court ofthe United States.[Page H1872]]]> hsii00 Natural Resources Committee House Standing hsii10 Federal Lands Subcommittee Referred to 2020-04-23T18:39:34Z hsii13 Water, Wildlife, and Fisheries Subcommittee Referred to 2020-04-23T18:39:23Z Referred to 2020-03-31T19:01:10Z hspw00 Transportation and Infrastructure Committee House Standing hspw14 Railroads, Pipelines, and Hazardous Materials Subcommittee Referred to 2020-04-01T14:06:45Z hspw02 Water Resources and Environment Subcommittee Referred to 2020-04-01T14:05:50Z hspw12 Highways and Transit Subcommittee Referred to 2020-04-01T14:05:09Z hspw05 Aviation Subcommittee Referred to 2020-04-01T14:04:30Z Referred to 2020-03-31T19:00:50Z hsbu00 Budget Committee House Standing Referred to 2020-03-31T19:01:15Z hsed00 Education and the Workforce Committee House Standing Referred to 2020-03-31T19:01:05Z hsba00 Financial Services Committee House Standing Referred to 2020-03-31T19:01:00Z hsif00 Energy and Commerce Committee House Standing Referred to 2020-03-31T19:00:45Z 2020-04-23 hsii10 Federal Lands Subcommittee 1 House committee actions Referred to the Subcommittee on National Parks, Forests, and Public Lands. Committee 2020-04-23 hsii13 Water, Wildlife, and Fisheries Subcommittee 1 House committee actions Referred to the Subcommittee on Water, Oceans, and Wildlife. Committee 2020-04-01 hspw14 Railroads, Pipelines, and Hazardous Materials Subcommittee 1 House committee actions Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. Committee 2020-04-01 hspw02 Water Resources and Environment Subcommittee 1 House committee actions Referred to the Subcommittee on Water Resources and Environment. Committee 2020-04-01 hspw12 Highways and Transit Subcommittee 1 House committee actions Referred to the Subcommittee on Highways and Transit. Committee 2020-04-01 hspw05 Aviation Subcommittee 1 House committee actions Referred to the Subcommittee on Aviation. Committee 2020-03-31 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, Financial Services, Education and Labor, Natural Resources, and the Budget, 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 hsbu00 Budget Committee 2020-03-31 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, Financial Services, Education and Labor, Natural Resources, and the Budget, 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 hsii00 Natural Resources Committee 2020-03-31 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, Financial Services, Education and Labor, Natural Resources, and the Budget, 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 hsed00 Education and the Workforce Committee 2020-03-31 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, Financial Services, Education and Labor, Natural Resources, and the Budget, 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 2020-03-31 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, Financial Services, Education and Labor, Natural Resources, and the Budget, 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 2020-03-31 Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, Financial Services, Education and Labor, Natural Resources, and the Budget, 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 hsif00 Energy and Commerce Committee 2020-03-31 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-03-31 Introduced in House IntroReferral 1000 9 Library of Congress D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 N M001196 Rep. Moulton, Seth [D-MA-6] Seth Moulton D MA 6 2020-03-31 True R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2020-06-25 False D000624 Rep. Dingell, Debbie [D-MI-12] Debbie Dingell D MI 12 2020-09-22 False Finance and Financial Sector Accounting and auditing Advisory bodies Air quality Alternative and renewable resources Aviation and airports Bank accounts, deposits, capital Banking and financial institutions regulation Budget deficits and national debt Building construction Civil actions and liability Congressional operations and organization Congressional oversight Congressional-executive branch relations Contracts and agency Corporate finance and management Credit and credit markets Debt collection Economic development Educational facilities and institutions Electric power generation and transmission Employee benefits and pensions Employee hiring Employment discrimination and employee rights Energy storage, supplies, demand Federal Reserve System Financial services and investments Fires Government corporations and government-sponsored enterprises Government employee pay, benefits, personnel management Government information and archives Government lending and loan guarantees Government studies and investigations House of Representatives Housing and community development funding Housing supply and affordability Infrastructure development Interest, dividends, interest rates Intergovernmental relations Land use and conservation Members of Congress Natural disasters Parks, recreation areas, trails Public contracts and procurement Public transit Public-private cooperation Railroads Securities Senate State and local finance Telephone and wireless communication Transportation programs funding Unemployment User charges and fees Water quality Water use and supply Finance and Financial Sector 00 2020-03-31 Introduced in House 2021-01-04T19:32:24Z National Infrastructure Bank Act of 2020

This bill creates the National Infrastructure Bank to facilitate the long-term financing of infrastructure projects.

Specifically, the bank must provide loans to public and private entities for financing, developing, or operating eligible infrastructure projects. An eligible project must have a public sponsor as well as local, regional, or national significance.

The bill also provides for various criteria and preferences for purposes of deciding whether to provide a loan, such as whether a project promotes job creation or provides environmental health benefits.

Projects that receive such a loan must (1) pay all laborers and mechanics locally prevailing wages, and (2) use only certain U.S.-produced construction materials unless a waiver is secured from the bank.

The bank shall issue stock and may also issue bonds and maintain a discount line of credit with the Federal Reserve System.

The bank must apply for a national bank charter as soon as is practicable and, once chartered, accept deposits from individuals, corporations, and public entities and pay interest on those deposits.

The bill also imposes requirements related to the bank's operation, such as minimum reserve requirements and requirements for handling loan losses.

In addition, the bank must facilitate the organization of at least seven regional economic accelerator planning groups to, among other things, identify infrastructure needs and priorities.

Within five years, the Government Accountability Office must report on the bank's activities, including the impact of the funded infrastructure projects.

]]> National Infrastructure Bank Act of 2020 Display Title National Infrastructure Bank Act of 2020 Official Title as Introduced To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Bank, and for other purposes. Introduced in House IH Short Title(s) as Introduced National Infrastructure Bank Act of 2020 Introduced in House IH Introduced in House 2020-03-31T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr6422ih/xml/BILLS-116hr6422ih.xml 2020-04-23 Referred to the Subcommittee on National Parks, Forests, and Public Lands. 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.