S. 1926

National Infrastructure Bank Act of 2007

Introduced:
08.01.2007 [Senate]
A vote on this bill is still pending. Further analysis may be available when the bill comes to a vote.
The Legislation: 

Middle-class Americans rely on public infrastructure for everything from safe commutes to work to safe drinking water, from efficient airline flights to affordable housing. The decline of this infrastructure is exemplified in the extraordinary tragedies of levy failure in New Orleans and bridge collapse in Minneapolis. The American Society of Civil Engineers has found deficiencies throughout the nation’s mass transit, aviation, energy, waste, and drinking water systems. The National Infrastructure Bank Act of 2007 seeks to increase funding for infrastructure projects of significant national and regional importance and improve the method of selecting projects for funding. The National Infrastructure Bank would be an independent government entity authorized to evaluate and fund with bonds, loans, and loan guarantees mass transit, housing, road, bridge, drinking water, and waste water ventures that are worth at least $75 million. The Bank is instructed to select relevant projects based on regional or national significance, promotion of economic growth, reduction in traffic congestion, environmental benefits, urban land use policies, poverty reduction, and mobility improvement. A public database would catalog all projects and detail their financing.

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