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To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Development Bank, and for other purposes.
12/20/2024, 9:06 AM
Summary of Bill HR 10525
Bill 118 hr 10525, also known as the National Infrastructure Development Bank Act, aims to create a National Infrastructure Development Bank to help streamline investments and financing for infrastructure projects in the United States. The goal of the bill is to stimulate job creation and economic growth by providing a centralized institution to support the development of critical infrastructure.
The proposed bank would serve as a financial intermediary, providing loans and other forms of financial assistance to public and private entities involved in infrastructure projects. By leveraging public and private funds, the bank would be able to support a wide range of projects, including transportation, energy, water, and telecommunications infrastructure.
In addition to providing financial support, the bank would also offer technical assistance and expertise to help project sponsors navigate the complex process of planning, financing, and implementing infrastructure projects. This would help ensure that projects are completed efficiently and effectively, maximizing their impact on job creation and economic growth. Overall, the National Infrastructure Development Bank Act seeks to address the pressing need for investment in infrastructure in the United States, while also promoting job creation and economic development. By establishing a dedicated institution to support infrastructure projects, the bill aims to facilitate the efficient use of resources and accelerate the pace of infrastructure development across the country.
The proposed bank would serve as a financial intermediary, providing loans and other forms of financial assistance to public and private entities involved in infrastructure projects. By leveraging public and private funds, the bank would be able to support a wide range of projects, including transportation, energy, water, and telecommunications infrastructure.
In addition to providing financial support, the bank would also offer technical assistance and expertise to help project sponsors navigate the complex process of planning, financing, and implementing infrastructure projects. This would help ensure that projects are completed efficiently and effectively, maximizing their impact on job creation and economic growth. Overall, the National Infrastructure Development Bank Act seeks to address the pressing need for investment in infrastructure in the United States, while also promoting job creation and economic development. By establishing a dedicated institution to support infrastructure projects, the bill aims to facilitate the efficient use of resources and accelerate the pace of infrastructure development across the country.
Current Status of Bill HR 10525
Bill HR 10525 is currently in the status of Bill Introduced since December 19, 2024. Bill HR 10525 was introduced during Congress 118 and was introduced to the House on December 19, 2024. Bill HR 10525's most recent activity was Referred to the Committee on Energy and Commerce, and in addition to the Committees on Transportation and Infrastructure, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. as of December 19, 2024
Bipartisan Support of Bill HR 10525
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 10525
Primary Policy Focus
Alternate Title(s) of Bill HR 10525
To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Development Bank, and for other purposes.
To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Development Bank, and for other purposes.
Comments
Sponsors and Cosponsors of HR 10525
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