I 
116TH CONGRESS 
1ST SESSION H. R. 4780 
To establish a Government corporation to provide loans and loan guarantees 
for infrastructure projects, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
OCTOBER 22, 2019 
Mr. CARBAJAL introduced the following bill; which was referred to the 
Committee on Transportation and Infrastructure 
A BILL 
To establish a Government corporation to provide loans and 
loan guarantees for infrastructure projects, and for other 
purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘National Infrastruc-
ture Investment Corporation Act of 2019’’. 
SEC. 2. FINDINGS. 
Congress finds the following: 
(1) According to the American Society of Civil 
Engineers 2017 Infrastructure Report, the current 
condition of the infrastructure in the United States 
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earns 
a 
grade 
of 
D+ 
and 
an 
estimated 
$4,500,000,000,000 is needed by 2025 to make con-
ditions adequate. 
(2) Current and foreseeable demands on tradi-
tional funding for infrastructure expansion exceed 
the resources to support much-needed infrastructure 
programs. 
(3) As of April 19, 2019, the top 50 strategic 
infrastructure projects, including transportation, 
water and wastewater, ports and waterways, and 
telecommunications, totaled $289,370,000,000 in 
unmet needs. 
(4) Infrastructure needs are not limited to tra-
ditional roads and bridges but include a wide sector 
of basic, physical, and organizational structures and 
facilities that are needed for the effective and pro-
ductive operation of society. 
(5) Investment in infrastructure not only cre-
ates jobs and economic growth and is a key compo-
nent of maintaining a global competitive edge but is 
also fundamental to enhancing and preserving qual-
ity of life. 
(6) The establishment of a Government cor-
poration that provides loans supported by pension 
funds to finance qualified infrastructure projects 
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would attract needed supplemental capital for infra-
structure development. 
SEC. 3. ESTABLISHMENT. 
There is established a corporation to be known as the 
‘‘National Infrastructure Investment Corporation’’ (in this 
Act referred to as the ‘‘Corporation’’), which shall be a 
Government corporation as defined in section 103 of title 
5, United States Code, whose purpose shall be to finance 
infrastructure projects that are beyond the financing capa-
bilities of States and cities, including— 
(1) prioritizing projects in a fair and efficient 
manner; and 
(2) minimizing financial costs to the Federal 
government. 
SEC. 4. BOARD OF DIRECTORS AND INSPECTOR GENERAL. 
(a) ESTABLISHMENT.—The management of the Cor-
poration shall be vested in a board of directors (in this 
Act referred to as the ‘‘Board’’). 
(b) MEMBERSHIP.—The Board shall be composed of 
7 members that meet the qualifications under subsection 
(c), consisting of— 
(1) 3 members appointed by the President, by 
and with the advice and consent of the Senate; 
(2) 1 member appointed by the majority leader 
of the Senate; 
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