National Infrastructure Investment Corporation Act of 2025
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Progress
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- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Overview
The National Infrastructure Investment Corporation Act of 2025 proposes establishing a new government corporation to provide loans and loan guarantees for infrastructure projects across the United States. The goal is to address significant infrastructure needs highlighted by the American Society of Civil Engineers and to supplement traditional funding sources. The corporation’s board will be composed of representatives from various regions and expertise areas, and it will operate under oversight from an Inspector General and regular audits. The corporation will initially rely on loans from pension funds to finance its operations.
Key provisions
- Establishes the National Infrastructure Investment Corporation (NICIC) to provide loans and loan guarantees for infrastructure projects.
- The NICIC board will be comprised of appointed members with expertise in infrastructure, finance, and government policy.
- The corporation will prioritize infrastructure projects and minimize financial risk to the federal government.
- Loans and loan guarantees can be used for eligible project costs in transportation, energy, environment, and telecommunications.
- The corporation will consult with affected congressional members before approving loans or bonds.
- The corporation will accept loans from pension funds through 2030 to cover administrative costs and project financing.
- Regular audits and reports will be submitted to Congress to ensure accountability.
- A 60-day review period will be implemented before loan approvals, allowing congressional feedback.
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