National Infrastructure Bank Act of 2023

HR 4052, the National Infrastructure Bank Act of 2023, would establish a federally chartered National Infrastructure Bank to address the estimated $2.6 trillion infrastructure financing gap identified by the American Society of Civil Engineers. The bank would provide loans, loan guarantees, and blended financing for infrastructure projects in transportation, energy, environmental systems, broadband, and community development, with a total loan limit of $5 trillion. Projects must demonstrate public benefits including economic growth, job creation, environmental improvements, and community development, with priority given to disadvantaged communities and projects meeting specific criteria. The bank would be capitalized with up to $500 billion through the purchase of Treasury securities and other means, operating under a 25-member Board of Directors with oversight mechanisms to ensure accountability.