HR490-118

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.

118th Congress Introduced Jan 24, 2023

Summary

What This Bill Does

The bill requires definitions For the purposes of this Act: The term Bank means the Federal Infrastructure Bank established under section 4, creates selection of the Formation Agent Within 60 days of the date of enactment of this Act, the Secretary of the Treasury, in consultation with the Chairman of the Board of Governors of the Federal Reserve System, and establishes the Federal Infrastructure Bank The Formation Agent shall establish the Federal Infrastructure Bank as a Delaware corporation and the Bank shall be a wholly owned subsidiary of the Holding Company. It relies on compliance mandates, definition changes, tax rate changes, and grants. The main policy areas are Native American Tribes, Finance, Agriculture, and Energy.

Who Benefits and How

Public beneficiaries or protected communities affected by the clause could face reduced risk and Financial services firms and customers affected by the bill could face lower compliance burdens.

Who Bears the Burden and How

Federal, state, or local agencies responsible for implementing the clause would take on compliance duties, Financial services firms and customers affected by the bill would take on compliance duties, and Homeowners, tenants, or housing market participants affected by the bill would take on compliance duties.

Key Provisions

  • Requires definitions For the purposes of this Act: The term Bank means the Federal Infrastructure Bank established under section 4.
  • Creates selection of the Formation Agent Within 60 days of the date of enactment of this Act, the Secretary of the Treasury, in consultation with the Chairman of the Board of Governors of the Federal Reserve System...
  • Establishes the Federal Infrastructure Bank The Formation Agent shall establish the Federal Infrastructure Bank as a Delaware corporation and the Bank shall be a wholly owned subsidiary of the Holding Company....
  • Requires functions of the Bank The Bank shall provide equity investments, direct loans, indirect loans, and loan guarantees to eligible entities for the planning, pre-development, design, construction, operations...
  • Provides holding Company securities The Holding Company shall issue such equity securities as the Board of Directors of the Holding Company determines appropriate.

Evidence Chain:

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

At a Glance

What This Bill Does

The bill requires definitions For the purposes of this Act: The term Bank means the Federal Infrastructure Bank established under section 4, creates selection of the Formation Agent Within 60 days of the date of enactment of this Act, the Secretary of the Treasury, in consultation with the Chairman of the Board of Governors of the Federal Reserve System, and establishes the Federal Infrastructure Bank The Formation Agent shall establish the Federal Infrastructure Bank as a Delaware corporation and the Bank shall be a wholly owned subsidiary of the Holding Company.

Key Policy Areas

Native American Tribes, Finance, Agriculture, Energy

Primary Purpose

The bill requires definitions For the purposes of this Act: The term Bank means the Federal Infrastructure Bank established under section 4, creates selection of the Formation Agent Within 60 days of the date of enactment of this Act, the Secretary of the Treasury, in consultation with the Chairman of the Board of Governors of the Federal Reserve System, and establishes the Federal Infrastructure Bank The Formation Agent shall establish the Federal Infrastructure Bank as a Delaware corporation and the Bank shall be a wholly owned subsidiary of the Holding Company.

Policy Domains

Native American Tribes Finance Agriculture Energy

Whole bill

Identified Gains
  • Public beneficiaries or protected communities affected by the clause
  • Financial services firms and customers affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Financial services firms and customers affected by the bill:
Public beneficiaries or protected communities affected by the clause: , , , , ,
Identified Costs
  • Federal, state, or local agencies responsible for implementing the clause
  • Financial services firms and customers affected by the bill
  • Homeowners, tenants, or housing market participants affected by the bill
  • Agricultural producers and rural communities affected by the bill
  • Tribal governments and members affected by the bill
Model: codex-gpt-5:bulk-repair | Version: bill_summary_v2 | Source: ih
Tribal governments and members affected by the bill:
Financial services firms and customers affected by the bill: , , , , , , ,
Agricultural producers and rural communities affected by the bill: ,
Homeowners, tenants, or housing market participants affected by the bill: ,
Federal, state, or local agencies responsible for implementing the clause: , , , , , , , ,

Legislative Progress

Introduced
Introduced Committee Passed
Jan 24, 2023

Mr. Webster of Florida introduced the following bill; which was …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Native American Tribes Finance Agriculture Energy

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