FACT SHEET

National Infrastructure Bank Act 2023, HR4052

OFF-BUDGET, NO NEW FEDERAL DEBT

How National Infrastructure Bank (NIB) works:

•      Bill creates a $5 trillion public bank to lend for infrastructure projects only
•      Covers 16 Project categories monitored by the American Society of Civil Engineers
•      Additional categories: Affordable Housing, High-Speed Rail, Water projects to address drought 
•      Affordable Housing: $720 billion dedicated financing; lowest 30% AMI; priority for NIB 
•      Water to the West: $400 billion dedicated to bring water into the west (all types of projects, like FDR) 
•      Financing for all urban mass transit systems in California 
•      Creates 25 million new jobs, Davis-Bacon wages, Buy America, DBE, significant investment in low income urban and rural communities 
•      Supercharges the economy: GDP increase 5% per year
•      Requires no new Federal Spending, Taxes, or Debt
•      Source of Capital: Existing U.S. Treasury Bonds held in private accounts; exchanged for Preferred Stock (silent partners, no voting)
•      Conventional commercial bank lending, low interest loans at Treasury bond rates; flexible terms; Loan maturity over the life of the project
•       Excess profits go to Trust Fund to provide grants for poor communities