Establishment of the Federal Infrastructure Bank

(a) In general 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. (b) Federal banking charter The Comptroller of the Currency shall grant a national bank charter to the Bank. (c) Regional offices Within 5 years of the date of enactment of this Act, the Bank shall establish regional offices for the purpose of focusing on infrastructure projects in different areas of the United States. (d) Board of Directors The Board of Directors of the Holding Company established under section 3 shall be the initial Board of Directors of the Bank. (e) Earnings and reserves not government funds The earnings and reserves of the Bank are not Government funds or public funds.