New Infrastructure Development Bank: Investments, Jobs, and Better Public Services
This act establishes a new federal bank to finance large-scale infrastructure projects nationwide. Its goal is to accelerate the construction of roads, bridges, water systems, energy grids, and telecommunications networks, leading to new job creation and improved access to essential services for citizens. The bank will provide direct loans and loan guarantees, supporting both public and public-private partnership projects.
Key points
Establishment of the National Infrastructure Development Bank as an independent federal entity.
The Bank will finance transportation (roads, bridges, rail), environmental (water, wastewater, flood control), energy (grids, efficiency), and telecommunications (broadband) projects.
Priority will be given to projects that create jobs, foster economic growth, and have regional or national significance.
Requirement for the use of American-made iron, steel, and manufactured goods in financed projects, with certain exceptions.
Projects must demonstrate a public benefit and cannot be solely for private use.
All projects will be subject to rigorous audits and reporting, with information publicly accessible.
Status:
Expired
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