H.R. 4413: National Infrastructure Development Bank Act of 2021

117th Congress · introduced 2021-07-13 · Transportation and Public Works · Latest: Referred to the Subcommittee on Water Resources and Environment.

federal

Follow this bill, step by step

Where it came from: introduced 2021-07-13 · 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 Water Resources and Environment. 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 2021

Plain summary

National Infrastructure Development Bank Act of 2021 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 bill establishes the National Infrastructure Development Bank Board, which must oversee the infrastructure projects. The board may make loans and loan guarantees to assist in financing infrastructure projects. Further, the board must establish an executive committee, a risk management committee, an audit committee, and a compliance office. To be eligible for financial assistance from the bank, an infrastructure project (1) must have a public benefit, as determined by the board; and (2) may not have a sole use or purpose that is private. An infrastructure project must use iron, steel, and manufactured products that are made in the United States. The bill also establishes accounting and reporting requirements. In particular, the Government Accountability Office must, within five years of this bill's enactment, submit a report to Congress evaluating 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 Development Bank Act of 2021

Source: Congressional Research Service summary (Introduced in House)

AI explanation – may be wrong, check the official text

No AI explanation yet. It takes up to a minute to write and is then saved for everyone.

Limited to a few requests an hour per person.

The strongest published arguments

Arguments for (supporters)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Arguments against (opponents)

Needs sources: no published arguments on this side yet. We only show items backed by a published source. Suggest one.

Alternatives

Needs sources: no published alternatives yet (for example a different bill, a law instead of an amendment, or keeping current law). We only show items backed by a published source. Suggest one.

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

Officials and money

Sponsor: Rep. DeLauro, Rosa L. [D-CT-3] · 27 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Katherine M. Clark (D-MA), Adriano Espaillat (D-NY), Paul Tonko (D-NY), Steve Cohen (D-TN), John B. Larson (D-CT), Sanford D. Bishop, Jr. (D-GA), André Carson (D-IN), Thomas R. Suozzi (D-NY), Peter Welch (D-VT), James A. Himes (D-CT), Rick Larsen (D-WA), Janice D. Schakowsky (D-IL), Gwen Moore (D-WI), Troy A. Carter (D-LA), Henry Cuellar (D-TX), Rashida Tlaib (D-MI), Mark Pocan (D-WI), John Garamendi (D-CA), Brendan F. Boyle (D-PA), Ilhan Omar (D-MN)

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 (1)

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).

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-117hr4413.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr4413 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117