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National Infrastructure Bank: Investments, Job Creation, and Regional Development

This act establishes a National Infrastructure Bank to finance major infrastructure projects across the U.S., including roads, bridges, water systems, and broadband internet. The goal is to create new jobs, stimulate economic growth, and improve citizens' quality of life through modernizing critical infrastructure. The Bank will provide loans and guarantees, and support projects in disadvantaged communities.
Key points
A National Infrastructure Bank will be established to finance up to $5 trillion in projects without requiring new federal taxes or increasing deficits.
The Bank will support the construction and modernization of transportation, energy, environmental, telecommunications (broadband), and community development (e.g., schools, housing) infrastructure.
Investments are intended to create new jobs, particularly in areas with high unemployment and in disadvantaged communities.
Projects funded by the Bank must meet public benefit criteria, such as economic growth, improved air and water quality, energy savings, and poverty reduction.
The Bank will collaborate with regional planning groups to identify and prioritize infrastructure needs across the country.
All projects must comply with labor standards (Davis-Bacon Act), project labor agreements, civil rights laws, and "Buy America" provisions.
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Additional Information
Print number: 117_HR_3339
Sponsor: Rep. Davis, Danny K. [D-IL-7]
Process start date: 2021-05-19
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

National Infrastructure Bank Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3339.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-19.

What are the main provisions?

Key points include:

  • A National Infrastructure Bank will be established to finance up to $5 trillion in projects without requiring new federal taxes or increasing deficits.
  • The Bank will support the construction and modernization of transportation, energy, environmental, telecommunications (broadband), and community development (e.g., schools, housing) infrastructure.
  • Investments are intended to create new jobs, particularly in areas with high unemployment and in disadvantaged communities.
  • Projects funded by the Bank must meet public benefit criteria, such as economic growth, improved air and water quality, energy savings, and poverty reduction.
  • The Bank will collaborate with regional planning groups to identify and prioritize infrastructure needs across the country.
  • All projects must comply with labor standards (Davis-Bacon Act), project labor agreements, civil rights laws, and "Buy America" provisions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davis, Danny K. [D-IL-7].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Water, Oceans, and Wildlife.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Public Investments Economy Transport