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21st Century Infrastructure Bank: New Investments in Transport and Public Services

This act establishes a new bank to financially support infrastructure projects like roads, bridges, water systems, and communication networks. The goal is to improve citizens' quality of life through modernizing and building key public facilities. Citizens can expect better infrastructure and new job opportunities.
Key points
Creation of the 21st Century American Infrastructure Bank with an initial capitalization of $50 billion for project funding.
The Bank will provide loans, bond guarantees, and equity investments for transportation, energy, water, communications, and educational projects.
All Bank-funded projects must use American-made materials (iron, steel, manufactured goods) and pay workers prevailing local wages.
Transparency is ensured: the Bank will publish annual reports and a public database of funded projects.
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Expired
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Additional Information
Print number: 117_HR_3722
Sponsor: Rep. Maloney, Sean Patrick [D-NY-18]
Process start date: 2021-06-04
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

21st Century Infrastructure Bank Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3722.

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 2021-06-04.

What are the main provisions?

Key points include:

  • Creation of the 21st Century American Infrastructure Bank with an initial capitalization of $50 billion for project funding.
  • The Bank will provide loans, bond guarantees, and equity investments for transportation, energy, water, communications, and educational projects.
  • All Bank-funded projects must use American-made materials (iron, steel, manufactured goods) and pay workers prevailing local wages.
  • Transparency is ensured: the Bank will publish annual reports and a public database of funded projects.
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. Maloney, Sean Patrick [D-NY-18].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Water Resources and Environment.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Public Investments Transport Economy