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H.R. 3339: National Infrastructure Bank Act of 2021

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H.R. 3339: National Infrastructure Bank Act of 2021

117th Congress · introduced 2021-05-19 · Finance and Financial Sector · Latest: Referred to the Subcommittee on Water, Oceans, and Wildlife.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-05-19 · official record
  2. Who proposed it: Rep. Davis, Danny K. [D-IL-7] · 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 Water, Oceans, and Wildlife. 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 Bank Act of 2021

Plain summary

National Infrastructure Bank Act of 2021 This bill creates the National Infrastructure Bank to facilitate the long-term financing of infrastructure projects. Specifically, the bank must provide loans to public and private entities for financing, developing, or operating eligible infrastructure projects. An eligible project must have a public sponsor as well as local, regional, or national significance. The bill treats the bank as a government corporation exempt from tax and treats contributions to the bank as charitable contributions. The bill also provides for criteria and preferences for deciding whether to provide a loan, such as whether a project promotes job creation or provides environmental benefits. Projects that receive a loan must (1) pay all laborers and mechanics locally prevailing wages, and (2) use only certain U.S.-produced construction materials unless a waiver is secured from the bank. The bank shall issue stock and may also issue bonds and maintain a discount line of credit with the Federal Reserve System. The bank must apply for a national bank charter and, once chartered, accept deposits from individuals, corporations, and public entities and pay interest on those deposits. The bill imposes requirements related to the bank's operation, such as minimum reserve requirements and requirements for handling loan losses. In addition, the bank must facilitate the organization of at least seven regional economic accelerator planning groups to, among other activities, identify infrastructure needs and priorities. Within five years, the Government Accountability Office must report on the bank's activities.

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 Bank Act of 2021

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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

Officials and money

Sponsor: Rep. Davis, Danny K. [D-IL-7] · 19 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Jesús G. "Chuy" García (D-IL), Thomas R. Suozzi (D-NY), Dwight Evans (D-PA), Melanie A. Stansbury (D-NM), Debbie Dingell (D-MI), Rashida Tlaib (D-MI), Teresa Leger Fernandez (D-NM), Jimmy Panetta (D-CA), Chellie Pingree (D-ME), Brendan F. Boyle (D-PA), John Garamendi (D-CA)

Sponsor's campaign money: Rep. Davis, Danny K. [D-IL-7] reported raising $100,598 (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.
Exemption
A rule that removes certain people, property or activities from a tax or requirement.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-hr3339 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117