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New Infrastructure Investment Corporation: Funding for Roads, Bridges, and More

This act establishes a new government corporation to finance large infrastructure projects like roads, bridges, water systems, and telecommunications. Its goal is to modernize the country and create jobs by supplementing existing funding sources. The corporation will provide loans and loan guarantees, raising funds partly from pension funds.
Key points
Creation of a new entity to financially support major infrastructure projects nationwide, including in rural areas.
Access to low-cost loans and loan guarantees for projects too expensive for states and cities.
Funding will come partly from loans from pension funds, potentially offering a new investment avenue for these funds.
All projects will undergo thorough review and monitoring, with their community impact considered.
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Expired
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Additional Information
Print number: 118_HR_3360
Sponsor: Rep. Carbajal, Salud O. [D-CA-24]
Process start date: 2023-05-16
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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 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_3360.

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 2023-05-16.

What are the main provisions?

Key points include:

  • Creation of a new entity to financially support major infrastructure projects nationwide, including in rural areas.
  • Access to low-cost loans and loan guarantees for projects too expensive for states and cities.
  • Funding will come partly from loans from pension funds, potentially offering a new investment avenue for these funds.
  • All projects will undergo thorough review and monitoring, with their community impact considered.
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 2025-12-25.

CATEGORIES

Public Investments Transport Economy