HR 402

112th CONGRESS
1st Session

H. R. 402

To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Development Bank, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

January 24, 2011

Ms. DELAURO (for herself, Mr. ELLISON, Mr. ISRAEL, Mr. WEINER, Mr. TIERNEY, Mr. VAN HOLLEN, Ms. HIRONO, Ms. BORDALLO, Ms. LEE of California, Mr. LARSON of Connecticut, Mr. COURTNEY, Ms. BERKLEY, Mr. HIMES, Mr. BOSWELL, Mr. CONYERS, Mr. MURPHY of Connecticut, Mr. YARMUTH, Mr. LUJAN, Ms. SUTTON, Mr. BRALEY of Iowa, Mr. LYNCH, Ms. RICHARDSON, Mr. GONZALEZ, and Mr. BLUMENAUER) introduced the following bill; which was 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


A BILL

To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Development Bank, and for other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. FINDINGS.

SEC. 3. DEFINITIONS.

SEC. 4. ESTABLISHMENT OF NATIONAL INFRASTRUCTURE DEVELOPMENT BANK.

SEC. 5. BOARD OF DIRECTORS.

SEC. 6. EXECUTIVE COMMITTEE.

SEC. 7. RISK MANAGEMENT COMMITTEE.

SEC. 8. AUDIT COMMITTEE.

SEC. 9. PERSONNEL.

SEC. 10. ELIGIBILITY CRITERIA FOR ASSISTANCE FROM BANK.

SEC. 11. EXEMPTION FROM LOCAL TAXATION.

SEC. 12. STATUS AND APPLICABILITY OF CERTAIN FEDERAL LAWS; NO FULL FAITH AND CREDIT.

SEC. 13. COMPLIANCE WITH DAVIS-BACON ACT.

SEC. 14. APPLICABILITY OF CERTAIN STATE LAWS.

SEC. 15. AUDITS; REPORTS TO PRESIDENT AND CONGRESS.

SEC. 16. CAPITALIZATION OF BANK.

SEC. 17. SUNSET.

END