HR 1235 · 119th CongressIn Committeecongress.gov ↗
What this bill does
AI plain-language summaryThis bill creates a new Federal Infrastructure Bank that would provide loans, loan guarantees, and equity investments for infrastructure projects in the United States that generate enough revenue to pay back the bank. At least 10% of the funding must go to rural infrastructure projects. The bank cannot fund projects owned or controlled by the Chinese government or Chinese Communist Party. The Federal Reserve would oversee the bank, and taxpayers who invest in the bank within its first three years would get a tax credit equal to 10% of their investment.
Introduced
February 12, 2025
Policy Area
Transportation and Public Works
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