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Infrastructure Development Bank: New Investments and Job Creation

This act establishes a new bank to finance major infrastructure projects across the U.S., including roads, bridges, energy grids, and telecommunications networks. The goal is to improve citizens' quality of life through better infrastructure, create jobs, and foster economic growth. The bank will provide loans and guarantees, and projects must demonstrate public benefit and meet specific criteria, including worker protections.
Key points
Establishes a National Infrastructure Development Bank to finance public projects.
The Bank will support transportation, environmental, energy, and telecommunications infrastructure projects.
Projects must provide public benefits, create jobs, and consider environmental impacts.
Worker rights, including wages and benefits, will be protected on funded projects.
Requires the use of American-made iron, steel, and manufactured goods in funded projects, with some exceptions.
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Additional Information
Print number: 117_HR_4413
Sponsor: Rep. DeLauro, Rosa L. [D-CT-3]
Process start date: 2021-07-13
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OFFICIAL LEGAL TITLE

National Infrastructure Development 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_4413.

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 2021-07-13.

What are the main provisions?

Key points include:

  • Establishes a National Infrastructure Development Bank to finance public projects.
  • The Bank will support transportation, environmental, energy, and telecommunications infrastructure projects.
  • Projects must provide public benefits, create jobs, and consider environmental impacts.
  • Worker rights, including wages and benefits, will be protected on funded projects.
  • Requires the use of American-made iron, steel, and manufactured goods in funded projects, with some exceptions.
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. DeLauro, Rosa L. [D-CT-3].

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 Environment