National Infrastructure Development Bank Act of 2023
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Referred to the Committee 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 consideration of such provisions as fall within the jurisdiction of the committee concerned.
Official Summary
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GovScope Watchdog™
AI Government Intelligence™The National Infrastructure Development Bank Act of 2023 (H.R. 10525) is a legislative proposal introduced in the 118th Congress aimed at establishing a national infrastructure development bank. The bill was referred to multiple House committees for consideration, including Energy and Commerce, Transportation and Infrastructure, and Financial Services. The bill's purpose, detailed provisions, and funding mechanisms are not provided in the available source data. The bill ultimately failed or expired without further legislative action as of the latest update in December 2024.
H.R. 10525 sought to create a national infrastructure development bank but did not advance beyond committee referral and expired without passage.
- The bill was introduced in the House during the 118th Congress and referred to several committees for review.
- The bill's text and official summary are not available, limiting detailed analysis of its provisions.
- The bill's status is recorded as failed or expired, indicating it did not become law.
Potential beneficiaries would likely include infrastructure sectors, financial institutions involved in infrastructure financing, and possibly state and local governments seeking infrastructure investment, though specific beneficiaries cannot be confirmed due to lack of bill text.
Without the full text, concerns may include the scope of authority granted to the bank, funding sources, oversight mechanisms, and the potential fiscal impact on federal budgets. The absence of detailed provisions limits assessment of implementation challenges or policy tradeoffs.
The bill was introduced in the House and referred to committees with jurisdiction over commerce, transportation, and financial services, reflecting the multifaceted nature of infrastructure policy. The failure to advance suggests it did not gain sufficient legislative support or priority during the 118th Congress.
Hidden impact flags detected: 2
GovScope reviewed 2 policy-risk categories. Hover for a quick definition. Click detected flags for bill-specific details.
If enacted, a national infrastructure development bank could influence investment patterns in infrastructure projects, potentially affecting private sector financing and state/local government planning. However, these effects cannot be confirmed due to missing bill details.
The lack of publicly available bill text and official summary hinders transparency and limits public and expert scrutiny. Tracking the bill's referral to multiple committees highlights the complexity of infrastructure legislation but also underscores the importance of clear, accessible legislative documentation for effective oversight.
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