ments for audits, studies, analyses, and other serv-
ices with public agencies and with private persons, 
and make such payments as may be necessary to 
carry out the duties of the Special Inspector Gen-
eral. 
(4) REQUEST FOR INFORMATION.— 
(A) IN
GENERAL.—Upon request of the 
Special Inspector General for information or as-
sistance from any department, agency, or other 
entity of the Federal Government, the head of 
that entity shall, insofar as is practicable and 
not in contravention of any existing law, furnish 
the information or assistance to the Special In-
spector General or an authorized designee. 
(B) REFUSAL TO COMPLY.—If information 
or assistance requested by the Special Inspector 
General is, in the judgment of the Special In-
spector General, unreasonably refused or not 
provided, the Special Inspector General shall re-
port the circumstances to the Secretary, with-
out delay. 
(f) REPORTS.— 
(1) ANNUAL REPORT.—Not later than 1 year 
after the date on which the Special Inspector Gen-
eral is confirmed, and every calendar year thereafter, 
VerDate Sep 11 2014 
18:18 Jun 15, 2021
Jkt 019200
PO 00000
Frm 00035
Fmt 6652
Sfmt 6201
E:\BILLS\H2895.IH
H2895
pamtmann on DSKBC07HB2PROD with BILLS
the Special Inspector General shall submit a report 
to the President and appropriate committees of Con-
gress that summarizes the activities of the Special 
Inspector General during the 1-year period imme-
diately preceding the submission of the report. 
(2) PUBLIC
DISCLOSURES.—Nothing in this 
subsection may be construed as authorizing the pub-
lic disclosure of information that is— 
(A) specifically prohibited from disclosure 
by any other provision of law; 
(B) specifically required by Executive order 
to be protected from disclosure in the interest 
of national defense or national security or in 
the conduct of foreign affairs; or 
(C) a part of an ongoing criminal inves-
tigation. 
SEC. 108. OTHER PERSONNEL. 
(a) APPOINTMENT, REMOVAL, AND DEFINITION OF 
DUTIES.—Except as otherwise provided in the IFA by-
laws, the Chief Executive Officer, in consultation with the 
Board of Directors, shall appoint, remove, and define the 
duties of such qualified personnel as are necessary to carry 
out the powers, duties, and purpose of IFA, other than 
senior management, who shall be appointed in accordance 
with section 105. 
VerDate Sep 11 2014 
18:18 Jun 15, 2021
Jkt 019200
PO 00000
Frm 00036
Fmt 6652
Sfmt 6201
E:\BILLS\H2895.IH
H2895
pamtmann on DSKBC07HB2PROD with BILLS
(b) COORDINATION
IN
IDENTIFYING
QUALIFICA-
TIONS
AND EXPERTISE.—In appointing qualified per-
sonnel pursuant to subsection (a), the Chief Executive Of-
ficer shall coordinate with, and seek assistance from, the 
Secretary of Transportation in identifying the appropriate 
qualifications and expertise in infrastructure project fi-
nance. 
SEC. 109. COMPLIANCE. 
The provision of assistance by IFA pursuant to this 
Act does not supersede any provision of State law or regu-
lation otherwise applicable to an eligible infrastructure 
project. 
TITLE II—TERMS AND LIMITA-
TIONS ON DIRECT LOANS AND 
LOAN GUARANTEES 
SEC. 201. ELIGIBILITY CRITERIA FOR ASSISTANCE FROM 
IFA AND TERMS AND LIMITATIONS OF LOANS. 
(a) PUBLIC BENEFIT; FINANCEABILITY.—A project 
is not eligible for financial assistance from IFA under this 
Act if— 
(1) the use or purpose of such project is private 
or such project does not create a public benefit, as 
determined by the Board of Directors; or 
(2) the applicant is unable to demonstrate, to 
the satisfaction of the Board of Directors, a suffi-
VerDate Sep 11 2014 
18:18 Jun 15, 2021
Jkt 019200
PO 00000
Frm 00037
Fmt 6652
Sfmt 6201
E:\BILLS\H2895.IH
H2895
pamtmann on DSKBC07HB2PROD with BILLS
cient revenue stream to finance the loan that will be 
used to pay for such project. 
(b) FINANCIAL CRITERIA.—If the project meets the 
requirements under subsection (a), an applicant for finan-
cial assistance under this Act shall demonstrate, to the 
satisfaction of the Board of Directors, that— 
(1) for public-private partnerships, the project 
has received contributed capital or commitments for 
contributed capital equal to not less than 10 percent 
of the total cost of the eligible infrastructure project 
for which assistance is being sought if such contrib-
uted capital includes— 
(A) equity; 
(B) deeply subordinate loans or other cred-
it and debt instruments, which shall be junior 
to any IFA assistance provided for the project; 
(C) appropriated funds or grants from gov-
ernmental sources other than the Federal Gov-
ernment; or 
(D) irrevocable private contributions of 
funds, grants, property (including rights-of- 
way), and other assets that directly reduce or 
offset project costs; and 
(2) the eligible infrastructure project for which 
assistance is being sought— 
VerDate Sep 11 2014 
18:18 Jun 15, 2021
Jkt 019200
PO 00000
Frm 00038
Fmt 6652
Sfmt 6201
E:\BILLS\H2895.IH
H2895
pamtmann on DSKBC07HB2PROD with BILLS
(A) is not for the refinancing of an exist-
ing infrastructure project; and 
(B) meets— 
(i) any pertinent requirements set 
forth in this Act; 
(ii) any criteria established by the 
Board of Directors under subsection (c) or 
by the Chief Executive Officer in accord-
ance with this Act; and 
(iii) the definition of an eligible infra-
structure project. 
(c) CONSIDERATIONS.—The criteria established by 
the Board of Directors under this subsection shall provide 
adequate consideration of— 
(1) the economic, financial, technical, environ-
mental, and public benefits and costs of each eligible 
infrastructure project under consideration for finan-
cial assistance under this Act, prioritizing eligible in-
frastructure projects that— 
(A) demonstrate a clear and measurable 
public benefit; 
(B) offer value for money to taxpayers; 
(C) contribute to regional or national eco-
nomic growth; 
(D) lead to long-term job creation; and 
VerDate Sep 11 2014 
18:18 Jun 15, 2021
Jkt 019200
PO 00000
Frm 00039
Fmt 6652
Sfmt 6201
E:\BILLS\H2895.IH
H2895
pamtmann on DSKBC07HB2PROD with BILLS