Bill > HR1235

This bill establishes the Federal Infrastructure Bank (FIB), a new independent financial institution designed to facilitate investment in and long-term financing of infrastructure projects across the United States. The bank will be structured as a Delaware corporation with a separate holding company, and will be authorized to provide equity investments, direct and indirect loans, and loan guarantees for a wide range of infrastructure projects including highways, ports, airports, energy transmission, rail lines, public transportation, water treatment facilities, and more. The bank must ensure at least 10 percent of its investments support rural infrastructure projects and will maintain a risk-based capital requirement of no less than 10 percent. Importantly, the bank is prohibited from accepting customer deposits, engaging in traditional banking activities, funding foreign projects, or working with entities connected to the Chinese government. The Federal Reserve will provide oversight, and the bank will have a board of directors elected by shareholders. To incentivize investment, the bill creates a tax credit for investors in the bank's holding company, offering a 10 percent credit on investments made within three years of the bank's formation. The bank will be exempt from most federal and state taxes, with the exception of real property taxation, and is explicitly not guaranteed by the federal government.

Transportation and Infrastructure

https://www.congress.gov/bill/119th-congress/house-bill/1235/all-info