What does Preamble of HR 5356 do?

This bill, formally titled 'To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Bank, and for other purposes,' aims to establish a National Infrastructure Bank. The bill's stated purpose is to facilitate efficient investments and financing of infrastructure projects and new job creation.

What does SHORT TITLE; TABLE OF CONTENTS. of HR 5356 do?

This bill is formally titled the National Infrastructure Bank Act of 2025.

What does Treatment of National Infrastructure Bank as a Government of HR 5356 do?

This section concerns the treatment of a National Infrastructure Bank. The section addresses the National Infrastructure Bank's status as a government corporation. The National Infrastructure Bank is to be exempt from tax.

What does Treatment of contributions to the National Infrastructure of HR 5356 do?

This section concerns the treatment of contributions to the National Infrastructure Bank.

What does Preferred dividends of National Infrastructure Bank of HR 5356 do?

This section concerns preferred dividends of a National Infrastructure Bank.

What does Special Inspector General for the National Infrastructure of HR 5356 do?

This section establishes a Special Inspector General for the National Infrastructure Bank.

What does FINDINGS. of HR 5356 do?

This section outlines findings related to infrastructure financing needs in the United States. Historically, national banks have played a significant role in financing public infrastructure, including roads, railroads, and dams. The American Society of Civil Engineers (ASCE) estimates a need of $9.14 trillion from 2024 to 2033 to address infrastructure needs, with a $3.69 trillion financing gap. The ASCE breakdown of the $3.69 trillion gap includes substantial investments in roads, water systems, schools, broadband, electricity, aviation, and other areas. Additional investment of at least $1.311 trillion is needed for new affordable housing, high-speed rail, and water supply projects, incorporating science, technology, and resiliency features. Current Federal, State, and local budgets are insufficient to meet infrastructure demands. The establishment of a United States public deposit bank is proposed to provide up to $5 trillion in financing for infrastructure projects. The proposal aims to return the U.S. to a period (1933-1957) when a similar institution was in place, which coincided with economic growth and reduced income inequality.

What does TREATMENT OF NATIONAL INFRASTRUCTURE BANK AS A GOVERNMENT of HR 5356 do?

This section amends Section 501(l) of the Internal Revenue Code of 1986. The amendment adds the National Infrastructure Bank, established under title II of the National Infrastructure Bank Act of 2025, to the list of government corporations exempt from tax. The amendment applies to taxable years ending after the date of enactment of this Act.

What does TREATMENT OF CONTRIBUTIONS TO THE NATIONAL INFRASTRUCTURE of HR 5356 do?

This section amends the Internal Revenue Code of 1986 to treat contributions to the National Infrastructure Bank as charitable contributions. Specifically, it adds the National Infrastructure Bank to the list of organizations eligible for charitable contribution deductions under Section 170(c). It also adds the National Infrastructure Bank to the list of organizations subject to percentage limitations on charitable contributions under Section 170(b)(1)(A). These amendments apply to taxable years ending after the date of enactment of this Act.

What does PREFERRED DIVIDENDS OF NATIONAL INFRASTRUCTURE BANK of HR 5356 do?

This section amends the Internal Revenue Code of 1986 to exclude certain dividends from gross income. Specifically, dividends received on preferred stock of the National Infrastructure Bank, as defined in section 203(c) of the National Infrastructure Bank Act of 2025, are not considered gross income. The amendments apply to taxable years ending after the date of enactment of this Act. A new section, 139J, is added to the Internal Revenue Code to reflect this exclusion.

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National Infrastructure Bank Act of 2025 — HR. 5356

Last updated: 9/15/2025 · Introduced: 9/15/2025

Author: Danny Davis (D-IL)

TL;DR (AI)

The National Infrastructure Bank Act of 2025 establishes a National Infrastructure Bank to facilitate financing of infrastructure projects and create new jobs in the United States.
The Bank is authorized to raise capital stock up to $500,000,000,000 and will provide loans, loan guarantees, and issue bonds to finance infrastructure projects, with a focus on disadvantaged communities and projects with economic and environmental benefits.
The Bank will be governed by a Board of Directors consisting of 25 members appointed by the President with Senate confirmation, and will have various committees, including an Executive Committee, Risk Management Committee, and Audit Committee, to oversee its operations and ensure compliance with applicable laws.
The Act requires the Bank to comply with various federal and state laws, including prevailing wage requirements, project labor agreements, and nondiscrimination laws, and aims to ensure that at least 10 percent of financial assistance is expended through small businesses owned by socially and economically disadvantaged individuals.
The Bank will be subject to annual audits and will submit detailed reports to the President and Congress, including a summary of operations and the status of infrastructure projects funded by the Bank.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title; table of contents..

2 sections

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TITLE I

-REVENUE PROVISIONS

6 sections

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TITLE II

-ESTABLISHMENT OF NATIONAL INFRASTRUCTURE BANK

20 sections

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