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New Infrastructure Investment Corporation: Funding Roads, Bridges, and Telecom

This bill establishes a new government corporation to finance large infrastructure projects like roads, bridges, water systems, and telecommunications. The goal is to improve U.S. infrastructure, create jobs, and boost economic growth, especially where local funding is insufficient. Funding will come from loans provided by pension funds.
Key points
A new government corporation will be established to provide loans and loan guarantees for infrastructure projects, including transportation, energy, environment, and telecommunications.
The aim is to support projects beyond the financing capabilities of states and cities, improving quality of life and safety for citizens.
The Corporation will be funded by loans from pension funds, attracting supplemental capital for infrastructure development.
All projects will undergo detailed review and consultation with Congressional representatives, with ongoing monitoring and audits.
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Expired
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Additional Information
Print number: 117_HR_4446
Sponsor: Rep. Carbajal, Salud O. [D-CA-24]
Process start date: 2021-07-16
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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 Investment Corporation Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4446.

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 2021-07-16.

What are the main provisions?

Key points include:

  • A new government corporation will be established to provide loans and loan guarantees for infrastructure projects, including transportation, energy, environment, and telecommunications.
  • The aim is to support projects beyond the financing capabilities of states and cities, improving quality of life and safety for citizens.
  • The Corporation will be funded by loans from pension funds, attracting supplemental capital for infrastructure development.
  • All projects will undergo detailed review and consultation with Congressional representatives, with ongoing monitoring and audits.
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. Carbajal, Salud O. [D-CA-24].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Highways and Transit.

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