Official Bill Info

• Latest Action: Mar 23, 2011 Referred to the Subcommittee on Domestic Monetary Policy and Technology.

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  I know the most recent action for this bill is as follows: "Referred to the Subcommittee on Domestic Monetary Policy and Technology." on Mar 23, 2011
• Committee Assignment: House Energy and Commerce

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  This bill has been assigned to the House Energy and Commerce committee.
• Committee Assignment: House Transportation and Infrastructure

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  This bill has been assigned to the House Transportation and Infrastructure committee.
• Committee Assignment: House Financial Services

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  This bill has been assigned to the House Financial Services committee.
• Committee Assignment: House Energy and Commerce - Energy and Power

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  This bill has been assigned to the House Energy and Commerce - Energy and Power committee.
• Committee Assignment: House Transportation and Infrastructure - Aviation

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  This bill has been assigned to the House Transportation and Infrastructure - Aviation committee.
• Committee Assignment: House Transportation and Infrastructure - Coast Guard and Maritime Transportation

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  This bill has been assigned to the House Transportation and Infrastructure - Coast Guard and Maritime Transportation committee.
• Committee Assignment: House Transportation and Infrastructure - Highways, Transit and Pipelines

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  This bill has been assigned to the House Transportation and Infrastructure - Highways, Transit and Pipelines committee.
• Committee Assignment: House Transportation and Infrastructure - Railroads, Pipelines, and Hazardous Materials

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  This bill has been assigned to the House Transportation and Infrastructure - Railroads, Pipelines, and Hazardous Materials committee.
• Committee Assignment: House Transportation and Infrastructure - Water Resources and Environment

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  This bill has been assigned to the House Transportation and Infrastructure - Water Resources and Environment committee.
• Committee Assignment: House Financial Services - Domestic and International Monetary Policy, Trade and Technology

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  This bill has been assigned to the House Financial Services - Domestic and International Monetary Policy, Trade and Technology committee.

Bill Statistics on OpenCongress

Contribution Data

OpenCongress Bill Summary

• Establishes a national infrastructure bank authorized to invest up to $25 billion in transportation, energy and communications infrastructure projects across the country. The bank would provide loans and grants for shovel-ready projects that would be leveraged with private investments, with all capital payments reinvested back into the bank.

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  Here's a summary from OpenCongress.org: Establishes a national infrastructure bank authorized to invest up to $25 billion in transportation, energy and communications infrastructure projects across the country. The bank would provide loans and grants for shovel-ready projects that would be leveraged with private investments, with all capital payments reinvested back into the bank.

Most-commented sections of the bill text

• (1) According to the American Society of Civil Engineers, the current condition of the infrastructure in the United States earns a grade point average of D, and an estimated $2,200,000,000,000 investment is needed over the next 5 years to meet adequate conditions. (1 comments, Link )

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  specifically, this section of the legislation: "(1) According to the American Society of Civil Engineers, the current condition of the infrastructure in the United States earns a grade point average of D, and an estimated $2,200,000,000,000 investment is needed over the next 5 years to meet adequate conditions.",
• (B) To issue and sell debt securities of the Bank on such terms as the Board shall determine from time to time. (1 comments, Link )

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  specifically, this section of the legislation: "(B) To issue and sell debt securities of the Bank on such terms as the Board shall determine from time to time.",
• All laborers and mechanics employed by contractors and subcontractors on projects funded directly by or assisted in whole or in part by and through the Bank pursuant to this Act shall be paid wages at rates not less than those prevailing on projects of a character similar in the locality as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of part A of title 40, United States Code. With respect to the labor standards specified in this section, the Secretary of Labor shall have the authority and functions set forth in Reorganization Plan Numbered 14 of 1950 (64 Stat. 1267; 5 U.S.C. App.) and section 3145 of title 40, United States Code. (1 comments, Link )

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  specifically, this section of the legislation: "All laborers and mechanics employed by contractors and subcontractors on projects funded directly by or assisted in whole or in part by and through the Bank pursuant to this Act shall be paid wages at rates not less than those prevailing on projects of a character similar in the locality as determined by the Secretary of Labor in accordance with subchapter IV of chapter 31 of part A of title 40, United States Code. With respect to the labor standards specified in this section, the Secretary of Labor shall have the authority and functions set forth in Reorganization Plan Numbered 14 of 1950 (64 Stat. 1267; 5 U.S.C. App.) and section 3145 of title 40, United States Code.",
• To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Development Bank, and for other purposes. (1 comments, Link )

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  specifically, this section of the legislation: "To facilitate efficient investments and financing of infrastructure projects and new job creation through the establishment of a National Infrastructure Development Bank, and for other purposes.",

Highest Rated User Comments

Highly Rated Blog Articles

• Rep. Jesse Jackson Introduces Legislation to Raise National Minimum - July 17, 2012 by Chuck Bell - HR 402, the National Infrastructure Development Bank Act of 2011, has been introduced by Rep. Rosa DeLauro with 55 cosponsors. The legislation establishes a National Infrastructure Development Bank, an independent ...

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  As noted by Chuck Bell on July 17, 2012, "HR 402, the National Infrastructure Development Bank Act of 2011, has been introduced by Rep. Rosa DeLauro with 55 cosponsors. The legislation establishes a National Infrastructure Development Bank, an independent ..." (/url?q=http://www.putamericatowork.net/2012/07/rep-jesse-jackson-introduces.html&sa=U&ei=9IsIULbtKKS22gXeuqXbBw&ved=0CCYQmAEwAg&usg=AFQjCNFYwcm54tpyyFELQz_aDSCRPx5zHA)
• Rep. Jesse Jackson Introduces Legislation to Raise National Minimum - July 17, 2012 by Chuck Bell - HR 402, the National Infrastructure Development Bank Act of 2011, has been introduced by Rep. Rosa DeLauro with 55 cosponsors. The legislation establishes a National Infrastructure Development Bank, an independent ...

  Clicking this will add the following text:

  As noted by Chuck Bell on July 17, 2012, "HR 402, the National Infrastructure Development Bank Act of 2011, has been introduced by Rep. Rosa DeLauro with 55 cosponsors. The legislation establishes a National Infrastructure Development Bank, an independent ..." (/url?q=http://www.putamericatowork.net/2012/07/rep-jesse-jackson-introduces.html&sa=U&ei=lBwHUMOfCqmq2gXSo9ED&ved=0CCYQmAEwAg&usg=AFQjCNHXDVd5LDYa1IT9MQTYaHBx5MUYYw)
• Rep. Jesse Jackson Introduces Legislation to Raise National Minimum - July 16, 2012 by Chuck Bell - HR 402, the National Infrastructure Development Bank Act of 2011, has been introduced by Rep. Rosa DeLauro with 55 cosponsors. The legislation establishes a National Infrastructure Development Bank, an independent ...

  Clicking this will add the following text:

  As noted by Chuck Bell on July 16, 2012, "HR 402, the National Infrastructure Development Bank Act of 2011, has been introduced by Rep. Rosa DeLauro with 55 cosponsors. The legislation establishes a National Infrastructure Development Bank, an independent ..." (/url?q=http://www.putamericatowork.net/2012/07/rep-jesse-jackson-introduces.html&sa=U&ei=KkYXUPq7Gabs0gG8pYC4CQ&ved=0CEcQmAEwCQ&usg=AFQjCNF_4DDXU-AOHRD_lPBzOa_VkxDU4A)

Highly Rated News Articles

• Leaders outline bumps on the road to small-business recovery - April 26, 2012 by Barnstable Patriot - As written in House bill H.R.402, which is now in committee, the bank would be led by a board of directors, “to take a lot of the politics out of that.” Keating said there also needs to be more investment in the nation's workforce, without which ...

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  As noted by Barnstable Patriot on April 26, 2012, "As written in House bill H.R.402, which is now in committee, the bank would be led by a board of directors, “to take a lot of the politics out of that.” Keating said there also needs to be more investment in the nation's workforce, without which ..." (http://www.barnstablepatriot.com/home2/index.php?option=com_content&task=view&id=28682&Itemid=30)