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H.R. 402: National Infrastructure Development Bank Act of 2011

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H.R. 402: National Infrastructure Development Bank Act of 2011

112th Congress · introduced 2011-01-24 · Government Operations and Politics · Latest: Referred to the Subcommittee on Domestic Monetary Policy and Technology.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2011-01-24 · official record
  2. Who proposed it: Rep. DeLauro, Rosa L. [D-CT-3] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the Subcommittee on Domestic Monetary Policy and Technology. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

National Infrastructure Development Bank Act of 2011

Plain summary

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.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

National Infrastructure Development Bank Act of 2011

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. DeLauro, Rosa L. [D-CT-3] · 78 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Chris Van Hollen (D-MD), Mazie K. Hirono (D-HI), John B. Larson (D-CT), Joe Courtney (D-CT), James A. Himes (D-CT), Christopher Murphy (D-CT), Ben Ray Luján (D-NM), Stephen F. Lynch (D-MA), James P. McGovern (D-MA), Peter Welch (D-VT), Paul Tonko (D-NY), Adam B. Schiff (D-CA), John Garamendi (D-CA), Linda T. Sánchez (D-CA), Chellie Pingree (D-ME), Eleanor Holmes Norton (D-DC), Al Green (D-TX), Janice D. Schakowsky (D-IL), Diana DeGette (D-CO) and 18 more.

Sponsor's campaign money: Rep. DeLauro, Rosa L. [D-CT-3] reported raising $1.6 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (3)
Bond
A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.
Obligation
A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.
Securities
Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong112-hr402 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112