Federal Infrastructure Bank Act of 2023

The Federal Infrastructure Bank Act of 2023 would establish a new Federal Infrastructure Bank to provide financing for infrastructure projects across the United States. The bank would offer loans, loan guarantees, and equity investments to eligible entities for qualifying projects including highways, ports, airports, energy systems, and public transportation. The bill requires at least 10% of funding to support rural infrastructure projects and prohibits the bank from funding projects owned or influenced by the Chinese government or projects outside the United States. The bank would operate as a subsidiary of a Federal Infrastructure Bank Holding Company, with both entities exempt from most taxes. The bank would also establish an Infrastructure Guarantee Fund to cover defaults on loans or guarantees.