21st Century Infrastructure Bank Act

Bill 117 HR 3722, also known as the 21st Century Infrastructure Bank Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to establish a new infrastructure bank that would provide funding for a wide range of infrastructure projects across the country.

The infrastructure bank would be a government-owned entity that would offer loans and loan guarantees to both public and private entities for projects such as transportation, water and wastewater systems, energy, and broadband. The goal of the bank is to leverage private sector investment to help finance much-needed infrastructure improvements.

The bill outlines the structure and governance of the infrastructure bank, including the appointment of a board of directors and the establishment of an advisory council. It also sets out the criteria for selecting projects to receive funding, including their economic viability, environmental impact, and potential to create jobs. Proponents of the bill argue that it would help address the nation's crumbling infrastructure and create jobs in the process. However, critics have raised concerns about the potential for political influence in the selection of projects and the overall cost to taxpayers. Overall, the 21st Century Infrastructure Bank Act aims to modernize and improve the nation's infrastructure by providing a new source of funding for critical projects. Its success will depend on how effectively it is implemented and managed.