3.0.0 7231 2022-02-08T23:15:09Z 2022-02-08T23:15:09Z House HR 2020-06-15 116 [Congressional Record Volume 166, Number 110 (Monday, June 15, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. WEBSTER of Florida:H.R. 7231.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution[Page H2398]]]> hspw00 Transportation and Infrastructure Committee House Standing hspw14 Railroads, Pipelines, and Hazardous Materials Subcommittee Referred to 2020-06-16T14:41:31Z hspw02 Water Resources and Environment Subcommittee Referred to 2020-06-16T14:40:47Z hspw12 Highways and Transit Subcommittee Referred to 2020-06-16T14:40:08Z hspw05 Aviation Subcommittee Referred to 2020-06-16T14:38:51Z Referred to 2020-06-15T19:05:20Z hswm00 Ways and Means Committee House Standing Referred to 2020-06-15T19:05:30Z hsba00 Financial Services Committee House Standing Referred to 2020-06-15T19:05:25Z 2020-06-16 hspw14 Railroads, Pipelines, and Hazardous Materials Subcommittee 1 House committee actions Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. Committee 2020-06-16 hspw02 Water Resources and Environment Subcommittee 1 House committee actions Referred to the Subcommittee on Water Resources and Environment. Committee 2020-06-16 hspw12 Highways and Transit Subcommittee 1 House committee actions Referred to the Subcommittee on Highways and Transit. Committee 2020-06-16 hspw05 Aviation Subcommittee 1 House committee actions Referred to the Subcommittee on Aviation. Committee 2020-06-15 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 2020-06-15 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 2020-06-15 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 2020-06-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-06-15 Introduced in House IntroReferral 1000 9 Library of Congress W000806 Rep. Webster, Daniel [R-FL-11] Daniel Webster R FL 11 N M001204 Rep. Meuser, Daniel [R-PA-9] Daniel Meuser R PA 9 2020-06-15 True R000585 Rep. Reed, Tom [R-NY-23] Tom Reed R NY 23 2020-06-15 True L000578 Rep. LaMalfa, Doug [R-CA-1] Doug LaMalfa R CA 1 2020-06-15 True W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2020-09-17 False S001210 Rep. Spano, Ross [R-FL-15] Ross Spano R FL 15 2020-09-17 False D000619 Rep. Davis, Rodney [R-IL-13] Rodney Davis R IL 13 2020-09-23 False Transportation and Public Works Business investment and capital Government lending and loan guarantees Income tax credits Income tax deductions Infrastructure development Interest, dividends, interest rates Rural conditions and development Securities State and local finance Transportation and Public Works 00 2020-06-15 Introduced in House 2021-02-18T15:25:24Z Infrastructure Bank for America Act of 2020

This bill provides for the establishment of the Infrastructure Bank Holding Company (IBHC), which shall be the parent company of the Infrastructure Bank for America (the bank). The bank shall provide (1) equity investments, direct loans, indirect loans, and loan guarantees for the construction or maintenance of revenue-producing infrastructure projects in the United States with sufficient revenue sources and guarantees to support the interest and principal payments to such bank; and (2) direct and indirect loans and loan guarantees to state and local governments and state infrastructure banks for the construction or maintenance of infrastructure projects. At least 7% of the dollar amount of the loans, equity investments, and loan guarantees shall be for infrastructure projects in rural areas.

The Board of Governors of the Federal Reserve System shall have oversight and supervisory authority over the IBHC and the bank. The Department of the Treasury shall oversee and supervise the issuance of bonds by the IBHC and the bank. The bank shall establish an Infrastructure Guarantee Fund to cover loans and loan guarantees in the event of nonpayment by loan recipients.

The bill provides for a taxpayer credit in an amount equal to 10% of the amount such taxpayer paid to the IBHC for an equity investment at its original issue.

]]> Infrastructure Bank for America Act of 2020 Display Title Infrastructure Bank for America Act of 2020 Official Title as Introduced To establish the Infrastructure Bank for America as a corporation to serve as a lender for and investor in infrastructure projects, and for other purposes. Introduced in House IH Short Title(s) as Introduced Infrastructure Bank for America Act of 2020 Introduced in House IH Introduced in House 2020-06-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7231ih/xml/BILLS-116hr7231ih.xml 2020-06-16 Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. 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.