H.R. 4315: National Infrastructure Investment Corporation Act of 2025

The National Infrastructure Investment Corporation Act of 2025 establishes a new government corporation aimed at addressing the substantial funding gaps faced by infrastructure projects in the United States. Below are the key components of the bill:

1. Purpose and Creation of the Corporation

The act creates the National Infrastructure Investment Corporation (NIIC), tasked with providing loans, loan guarantees, and bonds specifically for infrastructure projects that exceed the financing capabilities of state and local governments.

2. infrastructure Needs

The bill underscores findings related to the current state of U.S. infrastructure, indicating:

• The U.S. infrastructure is rated poorly (C grade) and requires approximately $3.7 trillion to improve.
• Demands on funding exceed the resources currently available for infrastructure needs.
• A significant number of major infrastructure projects remain unfunded, totaling $289.37 billion.
• Infrastructure needs extend beyond just roads and bridges, covering various sectors including telecommunications.
• Investing in infrastructure is essential for job creation and economic development, contributing to maintaining a competitive edge globally.
• The establishment of the NIIC aims to leverage supplemental capital from pension funds, enhancing financing for infrastructure projects.

3. Management Structure

The Corporation will be governed by a Board of Directors made up of seven members, who must have qualifications related to infrastructure financing, development, or management. The board will include:

• Three members appointed by the President with Senate approval.
• One member each appointed by the Senate Majority and Minority Leaders, and one by the Speaker and Minority Leader of the House.

4. Loans and Eligibility

The NIIC will provide financial assistance in the form of:

• Loans, loan guarantees, and bonds for eligible infrastructure projects, which could include areas such as transportation, energy, environmental, and telecommunications projects.
• Applicants must submit a detailed plan outlining the project, its costs, environmental reviews, and plans for funding.

Additionally, before approving any financial assistance, project applicants must consult with relevant Congressional representatives to ensure the project's validity and avoid conflicts.

5. Oversight and Accountability

The bill requires regular audits and reporting procedures to maintain transparency and accountability:

• The Board must submit annual reports on the Corporation’s activities to Congress.
• The Corporation's Inspector General will conduct audits and ensure compliance with the act.
• An evaluation of the Corporation will occur every five years by the Comptroller General of the U.S., assessing the impact and benefits of funded infrastructure projects.

6. Funding Mechanisms

The NIIC will be funded through loans from pension funds for operational costs and to provide financing for infrastructure projects. Specific limits are set, such as not exceeding $5 billion in loan acceptance within a single fiscal year, and maintaining an annual percentage rate between 3% and 4% for these loans.

Relevant Companies

None found