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H.R. 1235 · Where this bill is now

In committee

Introduced in the House, sent to the Committee on Transportation and Infrastructure, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned, Feb 12, 2025

What this bill does

In plain words · AI-written from the official summary

Creates federal bank for infrastructure funding

This bill would establish a new Federal Infrastructure Bank to help finance big infrastructure projects across the country. The bank would provide loans, loan guarantees, and equity investments to help build and maintain revenue-producing infrastructure like toll roads, bridges, and water systems. At least 10% of the funding would go toward projects in rural areas, and the bank would not be allowed to support any projects controlled by the Chinese government.

How it affects you

If you live in a rural area or a community planning infrastructure projects, this bank could be a source of funding for those developments. Investors who put money into the bank's equity securities could receive a tax credit worth 10% of their investment if they invest within the first three years. Most everyday people would see effects indirectly through whatever infrastructure projects get built with this bank's support in their regions.

Read the official summary (Introduced in House, Feb 12, 2025)

Federal Infrastructure Bank Act of 2025

This bill establishes the Federal Infrastructure Bank and the Federal Infrastructure Bank Holding Company (FIBHC). The bank shall be a wholly owned subsidiary of the FIBHC.

The bank must provide equity investments, direct loans, and loan guarantees for the planning, predevelopment, design, construction, operation, or maintenance of revenue-producing infrastructure projects in the United States with sufficient revenue sources and guarantees to support the interest and principal payments to the bank. At least 10% of the loans, equity investments, and loan guarantees must be for infrastructure projects in rural areas.

Entities eligible for loans, equity investments, and loan guarantees include corporations, joint ventures, states, and governmental entities. The bank is prohibited from providing funding for infrastructure projects that are owned, directed, controlled, financed, or influenced by the Chinese government or the Chinese Communist Party.

The Board of Governors of the Federal Reserve System shall have oversight and supervisory authority over the FIBHC and the bank. The bank must establish an Infrastructure Guarantee Fund to cover loans and loan guarantees in the event of nonpayment by loan recipients.

The FIBHC may issue equity securities, make dividend payments on the securities, and issue bonds.

The bill provides for a tax credit in an amount equal to 10% of the amount a taxpayer paid to the FIBHC for an equity investment issued within three years of the formation of the FIBHC.

Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.

119th Congress
1st SessionH. R. 1235

A BILL

Federal Infrastructure Bank Act of 2025

In the HouseNo vote yet

Sponsor: Rep. Daniel Webster (R-FL-11) · Introduced Feb 12, 2025 · Transportation and Public Works · 1 version of the text

Read the full billOfficial record on Congress.gov ↗

Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Feb 12, 2025: “Referred to the Subcommittee on Highways and Transit.”

Sections

Sections · 11