US Congress House Bill 402 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 79-0)
Status: Introduced on January 24 2011 - 25% progression, died in committee
Action: 2011-03-23 - Referred to the Subcommittee on Domestic Monetary Policy and Technology.
Pending: House Subcommittee on Domestic Monetary Policy and Technology Committee
Text: Latest bill text (Introduced) [PDF]

National Infrastructure Development Bank Act of 2011 - Establishes the National Infrastructure Development Bank as a wholly owned government corporation. Makes the Bank's Board of Directors responsible for monitoring and overseeing energy, environmental, telecommunications, and transportation infrastructure projects. Authorizes the Board to: (1) issue public benefit bonds and provide financing to infrastructure projects; and (2) borrow on the global capital market and lend to entities and commercial banks for funding infrastructure projects. Requires the Board to establish criteria for determining project eligibility for financial assistance under this Act. Sets forth the duties of the Bank's executive committee and audit committee.Requires the Bank to establish a risk management committee, which shall: (1) create financial, credit, and operational risk management guidelines for the Bank; (2) set standards to ensure diversification of lending activities by both region and infrastructure project type; and (3) create conforming standards for infrastructure finance securities. Exempts all notes, debentures, bonds or other such obligations issued by the Bank, and the interest on or credits with respect to such bonds or other obligations, from state or local government taxation.Terminates the Bank after 15 years.

National Infrastructure Development Bank Act of 2011

Rep. Rosa DeLauro [D-CT]	Rep. Karen Bass [D-CA]	Rep. Shelley Berkley [D-NV]	Rep. Howard Berman [D-CA]
Rep. Timothy Bishop [D-NY]	Rep. Earl Blumenauer [D-OR]	Rep. Madeleine Bordallo [D-GU]	Rep. Leonard Boswell [D-IA]
Rep. Bruce Braley [D-IA]	Rep. Lois Capps [D-CA]	Rep. Russ Carnahan [D-MO]	Rep. John Carney [D-DE]
Rep. Andre Carson [D-IN]	Rep. Donna Christensen [D-VI]	Rep. David Cicilline [D-RI]	Rep. John Conyers [D-MI]
Rep. Joe Courtney [D-CT]	Rep. Diana DeGette [D-CO]	Rep. Theodore Deutch [D-FL]	Rep. Norman Dicks [D-WA]
Rep. Keith Ellison [D-MN]	Rep. Anna Eshoo [D-CA]	Rep. Sam Farr [D-CA]	Rep. Barney Frank [D-MA]
Rep. John Garamendi [D-CA]	Rep. Charles Gonzalez [D-TX]	Rep. Al Green [D-TX]	Rep. Gene Green [D-TX]
Rep. Raul Grijalva [D-AZ]	Rep. Brian Higgins [D-NY]	Rep. James Himes [D-CT]	Rep. Maurice Hinchey [D-NY]
Sen. Mazie Hirono [D-HI]	Rep. Rush Holt [D-NJ]	Rep. Steve Israel [D-NY]	Rep. Sheila Jackson-Lee [D-TX]
Rep. Jesse Jackson [D-IL]	Rep. Eddie Johnson [D-TX]	Rep. William Keating [D-MA]	Rep. James Langevin [D-RI]
Rep. John Larson [D-CT]	Rep. Barbara Lee [D-CA]	Rep. Daniel Lipinski [D-IL]	Rep. Nita Lowey [D-NY]
Sen. Ben Lujan [D-NM]	Rep. Stephen Lynch [D-MA]	Rep. Carolyn Maloney [D-NY]	Rep. Doris Matsui [D-CA]
Rep. Betty McCollum [D-MN]	Rep. James McGovern [D-MA]	Rep. James Moran [D-VA]	Sen. Christopher Murphy [D-CT]
Rep. Grace Napolitano [D-CA]	Rep. Eleanor Norton [D-DC]	Rep. Bill Pascrell [D-NJ]	Rep. Chellie Pingree [D-ME]
Rep. David Price [D-NC]	Rep. Laura Richardson [D-CA]	Rep. Cedric Richmond [D-LA]	Rep. Bobby Rush [D-IL]
Rep. Tim Ryan [D-OH]	Rep. Linda Sanchez [D-CA]	Rep. John Sarbanes [D-MD]	Rep. Janice Schakowsky [D-IL]
Rep. Adam Schiff [D-CA]	Rep. Brad Sherman [D-CA]	Rep. Albio Sires [D-NJ]	Rep. Louise Slaughter [D-NY]
Rep. Jackie Speier [D-CA]	Rep. Betty Sutton [D-OH]	Rep. Mike Thompson [D-CA]	Rep. John Tierney [D-MA]
Rep. Paul Tonko [D-NY]	Sen. Chris Van Hollen [D-MD]	Rep. Melvin Watt [D-NC]	Rep. Anthony Weiner [D-NY]
Sen. Peter Welch [D-VT]	Rep. Lynn Woolsey [D-CA]	Rep. John Yarmuth [D-KY]

Date	Chamber	Action
2011-03-23	House	Referred to the Subcommittee on Domestic Monetary Policy and Technology.
2011-02-01	House	Referred to the Subcommittee on Energy and Power.
2011-01-25	House	Referred to the Subcommittee on Water Resources and Environment.
2011-01-25	House	Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
2011-01-25	House	Referred to the Subcommittee on Highways and Transit.
2011-01-25	House	Referred to the Subcommittee on Coast Guard and Maritime Transportation.
2011-01-25	House	Referred to the Subcommittee on Aviation.
2011-01-24	House	Referred to House Financial Services
2011-01-24	House	Referred to House Transportation and Infrastructure
2011-01-24	House	Referred to House Energy and Commerce
2011-01-24	House	Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, and Financial Services, 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.

HB3638 (Related) 2012-02-09 - Referred to the Subcommittee on Insurance, Housing and Community Opportunity.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/402/all-info
Text	https://www.congress.gov/112/bills/hr402/BILLS-112hr402ih.pdf