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Federal Infrastructure Bank: New Investments in Roads, Bridges, and Water Systems

This act establishes a Federal Infrastructure Bank to facilitate the financing of large infrastructure projects across the U.S., including roads, bridges, airports, and water systems. The goal is to improve infrastructure quality, potentially impacting daily commutes, access to services, and overall citizen safety. The Bank will provide loans, guarantees, and equity investments, with a focus on rural areas.
Key points
A Federal Infrastructure Bank will be created to support the financing of key infrastructure projects nationwide.
The Bank will invest in roads, bridges, ports, airports, public transport, water, and energy systems, potentially improving quality of life and safety.
At least 10% of the Bank's funds will be allocated to projects in rural areas, supporting development in these regions.
Investors in the Bank may receive tax credits, encouraging private financing of infrastructure.
The Bank is prohibited from funding projects outside the U.S. or those linked to the Chinese government, aiming to protect national interests.
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Additional Information
Print number: 118_HR_490
Sponsor: Rep. Webster, Daniel [R-FL-11]
Process start date: 2023-01-24
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OFFICIAL LEGAL TITLE

Federal Infrastructure Bank Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_490.

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 2023-01-24.

What are the main provisions?

Key points include:

  • A Federal Infrastructure Bank will be created to support the financing of key infrastructure projects nationwide.
  • The Bank will invest in roads, bridges, ports, airports, public transport, water, and energy systems, potentially improving quality of life and safety.
  • At least 10% of the Bank's funds will be allocated to projects in rural areas, supporting development in these regions.
  • Investors in the Bank may receive tax credits, encouraging private financing of infrastructure.
  • The Bank is prohibited from funding projects outside the U.S. or those linked to the Chinese government, aiming to protect national interests.
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. Webster, Daniel [R-FL-11].

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 2025-12-25.

CATEGORIES

Public Investments Transport Economy