HR1235-119

Introduced

To establish the Federal Infrastructure Bank to facilitate investment in, and the long-term financing of, economically viable United States infrastructure projects that provide a public benefit, and for other purposes.

119th Congress Introduced Feb 12, 2025

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill creates the Federal Infrastructure Bank, a new privately-owned but federally-chartered bank specifically designed to finance infrastructure projects in the United States. The bank would provide loans, loan guarantees, and equity investments for projects like highways, ports, airports, energy transmission, water treatment, and public transit.

Who Benefits and How

Infrastructure developers and construction companies benefit by gaining access to long-term financing for revenue-producing projects. Investors who purchase equity in the Federal Infrastructure Bank Holding Company receive a 10% annual tax credit for 5 years on their investment. Rural areas are specifically targeted to receive at least 10% of the bank's financing. The bank and its holding company are exempt from all federal, state, and local taxes.

Who Bears the Burden and How

Taxpayers indirectly bear costs through tax credits given to investors (10% per year for 5 years) and the tax exemption granted to the bank. Chinese entities and State Sponsors of Terrorism are explicitly prohibited from investing in the bank. The Federal Reserve and Treasury gain new oversight responsibilities.

Key Provisions

  • Creates a federally-chartered national bank wholly owned by a private holding company to finance infrastructure
  • Provides investors a 10% annual tax credit for 5 years on equity investments in the holding company
  • Exempts the bank and holding company from all federal, state, and local taxation (except real property)
  • Requires at least 10% of financing to go to rural area projects
  • Prohibits Chinese government-affiliated entities and State Sponsors of Terrorism from investing

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.

At a Glance

What This Bill Does

Establishes the Federal Infrastructure Bank, a privately-owned but federally-chartered national bank to provide financing for infrastructure projects across the United States.

Key Policy Areas

Finance, Infrastructure, Transportation, Energy, Water

Primary Purpose

Establishes the Federal Infrastructure Bank, a privately-owned but federally-chartered national bank to provide financing for infrastructure projects across the United States.

Policy Domains

Finance Infrastructure Transportation Energy Water

Federal Infrastructure Bank Act of 2025

Identified Gains
Contextual inference, no direct clause citation
  • Infrastructure developers
  • Construction companies
  • Private equity investors
  • Institutional investors
  • Rural communities
Model: N/A | Version: bill_summary_v2 | Source: ih

Contextual inference, no direct clause citation

Identified Costs
Contextual inference, no direct clause citation
  • Taxpayers (via tax credits)
  • Federal Reserve (oversight burden)
  • Treasury Department (oversight burden)
  • Chinese government-affiliated entities (excluded)
Model: N/A | Version: bill_summary_v2 | Source: ih

Contextual inference, no direct clause citation

Legislative Progress

Introduced
Introduced Committee Passed
Feb 12, 2025

Mr. Webster of Florida (for himself and Mr. Carbajal) introduced …

Stakeholder Effects

cui bono?

How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.

Financial Services
9 mentions across 8 clauses
+8 positive -1 negative

Federal Infrastructure Bank, Federal Infrastructure Bank Holding Company, Infrastructure finance firms with experience

Federal Infrastructure Bank faces effects in multiple directions

Government
5 mentions across 5 clauses
-5 negative

Federal Reserve Board, Treasury Department, US Treasury (federal tax revenue)

Construction
4 mentions across 3 clauses
+4 positive

Highway and bridge construction firms, Infrastructure developers and construction companies, Infrastructure developers in rural areas

State & Local Government
3 mentions across 3 clauses
+2 positive -1 negative

Rural communities, State and local governments, State and local governments (tax revenue)

Positive-direction: Rural communities, State and local governments

Negative-direction: State and local governments (tax revenue)

Foreign Investment
2 mentions across 1 clause
-2 negative

Chinese government-affiliated entities, Foreign investors (non-US)

Water Supply And Sanitation
1 mention across 1 clause
+1 positive

Water treatment facility operators

Electric Power Transmission
1 mention across 1 clause
+1 positive

Energy transmission companies

Individual Investors
1 mention across 1 clause
+1 positive

High-net-worth individual investors

10/12
sections analyzed
Full impact breakdown

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Infrastructure
Actor Mappings
"the_bank"
→ Federal Infrastructure Bank
"the_board"
→ Board of Governors of the Federal Reserve System
"the_secretary"
→ Secretary of the Treasury
"the_formation_agent"
→ Formation Agent selected by Treasury
"the_holding_company"
→ Federal Infrastructure Bank Holding Company

Key Definitions

Terms defined in this bill

5 terms
"Bank" §2

The Federal Infrastructure Bank established under section 4

"eligible entity" §2a

A corporation, LLC, partnership, public-private partnership, joint venture, trust, State, governmental entity, revolving fund, or State infrastructure bank

"Holding Company" §2b

The Federal Infrastructure Bank Holding Company established under section 3

"infrastructure project" §2c

Construction, consolidation, alteration, operations, maintenance, or repair of projects providing public benefit in categories including highways, ports, airports, pipelines, energy transmission, rail, transit, waterways, water treatment, dams, and other public benefit infrastructure

"rural" §2d

Any area not in a metropolitan statistical area with a population of 50,000 or more

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology