H.R. 658: National Infrastructure Development Bank Act of 2019

116th Congress · introduced 2019-01-17 · Government Operations and Politics · Latest: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management.

federal

Follow this bill, step by step

Where it came from: introduced 2019-01-17 · official record
Who proposed it: Rep. DeLauro, Rosa L. [D-CT-3] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Subcommittee on Economic Development, Public Buildings, and Emergency Management. Not final yet: this can still change. We check for updates every day.
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 2019

Plain summary

National Infrastructure Development Bank Act of 2019 This bill establishes the National Infrastructure Development Bank as a government corporation to finance energy, environmental (e.g., drinking water or waste facilities), telecommunications, and transportation infrastructure projects. The National Infrastructure Development Bank Board, established by this bill, must oversee the projects. The board may make loans and loan guarantees to assist in financing infrastructure projects. In addition, the board must establish an American Infrastructure Bond program. Under the program, the board may subsidize interest payments by the issuers of state or local bonds. The bill establishes the National Infrastructure Development Bank Trust Fund and appropriates to the fund an amount equal to the tax receipts attributable to interest payable under the bonds. With the approval of the Department of the Treasury, the board may issue public benefit bonds to provide financing to infrastructure projects. The bill exempts bonds issued by the bank, and the interest on or credits with respect to the bonds, from state or local government taxation. Financial assistance for an infrastructure project must be repayable from dedicated revenue sources that also secure the infrastructure project obligations. The assistance may not exceed 50% of reasonably anticipated project costs.

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 2019

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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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] · 62 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Judy Chu (D-CA), John B. Larson (D-CT), Salud O. Carbajal (D-CA), Dwight Evans (D-PA), Nydia M. Velázquez (D-NY), Mark Pocan (D-WI), Adriano Espaillat (D-NY), Debbie Dingell (D-MI), Donald S. Beyer, Jr. (D-VA), Suzanne Bonamici (D-OR), Paul Tonko (D-NY), Brendan F. Boyle (D-PA), John Garamendi (D-CA), Peter Welch (D-VT), Zoe Lofgren (D-CA), Rick Larsen (D-WA), Mark DeSaulnier (D-CA), Frederica S. Wilson (D-FL), Pete Aguilar (D-CA), Ilhan Omar (D-MN), Joe Courtney (D-CT), Mark Takano (D-CA), Robin L. Kelly (D-IL), Adam B. Schiff (D-CA), Gwen Moore (D-WI), Betty McCollum (D-MN), Bill Foster (D-IL), Janice D. Schakowsky (D-IL), Stephen F. Lynch (D-MA), Debbie Wasserman Schultz (D-FL), André Carson (D-IN), James A. Himes (D-CT), Yvette D. Clarke (D-NY), Marc A. Veasey (D-TX), Suzan K. DelBene (D-WA), Katherine M. Clark (D-MA), Robert C. "Bobby" Scott (D-VA), Chellie Pingree (D-ME), Brad Sherman (D-CA), Ro Khanna (D-CA), William R. Keating (D-MA), James P. McGovern (D-MA) and 2 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)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
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.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr658.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>

Record fed-us-cong116-hr658 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116