I 
118TH CONGRESS 
2D SESSION H. R. 10525 
To facilitate efficient investments and financing of infrastructure projects 
and new job creation through the establishment of a National Infrastruc-
ture Development Bank, and for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
DECEMBER 19, 2024 
Ms. DELAURO introduced the following bill; which was referred to the Com-
mittee on Energy and Commerce, and in addition to the Committees on 
Transportation and Infrastructure, and Financial Services, for a period 
to be subsequently determined by the Speaker, in each case for consider-
ation of such provisions as fall within the jurisdiction of the committee 
concerned 
A BILL 
To facilitate efficient investments and financing of infrastruc-
ture projects and new job creation through the establish-
ment of a National Infrastructure Development Bank, 
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; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘National Infrastructure Development Bank Act of 
2023’’. 
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(b) TABLE OF CONTENTS.—The table of contents for 
this Act is as follows: 
Sec. 1. Short title; table of contents. 
Sec. 2. Definitions. 
Sec. 3. Establishment of National Infrastructure Development Bank. 
Sec. 4. Director; Deputy Director. 
Sec. 5. Powers and limitations of the Director. 
Sec. 6. Senior officers. 
Sec. 7. Risk management committee. 
Sec. 8. Audit committee; compliance office. 
Sec. 9. Eligibility criteria for assistance from Bank. 
Sec. 10. Status and applicability of certain Federal laws. 
Sec. 11. Domestic content statutes. 
Sec. 12. Audits; reports to President and Congress. 
Sec. 13. Authorization of appropriations. 
SEC. 2. DEFINITIONS. 
For purposes of this Act, the following definitions 
apply: 
(1) BANK.—The term ‘‘Bank’’ means the Na-
tional Infrastructure Development Bank established 
under section 3(a). 
(2) DEVELOPMENT.—The terms ‘‘development’’ 
means, with respect to an infrastructure project, 
any— 
(A) preconstruction planning, feasibility re-
view, permitting, design work, life-cycle mainte-
nance planning, and other preconstruction ac-
tivities; and 
(B) construction, reconstruction, rehabili-
tation, replacement, or expansion. 
(3) DIRECT
LOAN; LOAN
GUARANTEE.—The 
terms ‘‘direct loan’’ and ‘‘loan guarantee’’ have the 
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meanings given the terms in section 502 of the Fed-
eral Credit Reform Act of 1990 (2 U.S.C. 661a). 
(4) DISADVANTAGED
COMMUNITY.—The term 
‘‘disadvantaged community’’ means a community 
with a median household income of less than 80 per-
cent of the statewide median household income for 
the State in which the community is located. 
(5) ENERGY INFRASTRUCTURE PROJECT.—The 
term ‘‘energy infrastructure project’’ means a 
project for energy transmission and distribution, or 
energy efficiency enhancement for buildings, public 
housing, health facilities, schools, or energy storage. 
(6) ENTITY.—The term ‘‘entity’’ means an in-
dividual, corporation, partnership (including a pub-
lic-private partnership), joint venture, trust, and a 
State or other governmental entity, including a polit-
ical subdivision or any other instrumentality of a 
State or a revolving fund. 
(7) 
ENVIRONMENTAL
INFRASTRUCTURE 
PROJECT.—The term ‘‘environmental infrastructure 
project’’ means a project that— 
(A) establishes, maintains, or enhances any 
drinking water and wastewater treatment facil-
ity, storm water management system, flood 
gate, dam, levee, dredging, open space manage-
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ment system, wetland restoration, infill develop-
ment, solid waste disposal facility, hazardous 
waste facility, or industrial site cleanup; or 
(B) remediation projects to rectify issues 
of manufacturing, laboratory practices, and 
other processes that do not comply with regula-
tions. 
(8) FINANCIAL ASSISTANCE.—The term ‘‘finan-
cial assistance’’ means providing credit assistance in 
the form of direct loans, loan guarantees, and stand-
by lines of credit. 
(9) GENERAL
COUNSEL.—The term ‘‘general 
counsel’’ means the individual who serves as the 
chief legal officer of the Bank. 
(10) GREENHOUSE GASES.—The term ‘‘green-
house gases’’ means any of the following: 
(A) Carbon dioxide. 
(B) Methane. 
(C) Nitrous oxide. 
(D) Sulfur hexafluoride. 
(E) Hydrofluorocarbons. 
(F) Any perfluorocarbon. 
(G) Nitrogen trifluoride. 
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(H) Any other anthropogenic gas des-
ignated as a greenhouse gas by the Adminis-
trator of the Environmental Protection Agency. 
(11) INFRASTRUCTURE
PROJECT.—The term 
‘‘infrastructure project’’ means— 
(A) an energy infrastructure project; 
(B) 
an 
environmental 
infrastructure 
project; 
(C) a telecommunications infrastructure 
project; or 
(D) a transportation infrastructure project. 
(12) 
PUBLIC-PRIVATE
PARTNERSHIP.—The 
term ‘‘public-private partnership’’ means a contrac-
tual agreements between a public agency and a pri-
vate entity that allow for greater private participa-
tion in the delivery of projects. 
(13) REVOLVING FUND.—The term ‘‘revolving 
fund’’ means a fund or program established by a 
State or a political subdivision or other instrumen-
tality of a State, the principal activity of which is to 
make loans, commitments, or other financial accom-
modation available for the development of one or 
more categories of infrastructure projects. 
(14) 
SECRETARY.—The 
term 
‘‘Secretary’’ 
means the Secretary of the Treasury. 
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