# 115-hr-3977: Infrastructure Bank for America Act of 2017

115-hr-3977, Infrastructure Bank for America Act of 2017, is a 115th Congress bill sponsored by Rep. Faso, John J. [R-NY-19] (R-NY); status Referred to the Subcommittee on Highways and Transit. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-3977
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-3977
- Congress: 115
- Title: Infrastructure Bank for America Act of 2017
- Status: Referred to the Subcommittee on Highways and Transit.
- Introduced: 2017-10-05
- Sponsor: Rep. Faso, John J. [R-NY-19] (R-NY)
- Cosponsors: 0
- Policy area: Transportation and Public Works
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Infrastructure Bank for America Act of 2017 This bill provides for the establishment of the Infrastructure Bank Holding Company (IBHC), which shall be the parent company of the Infrastructure Bank for America (the bank). The bank shall provide: (1) direct loans and loan guarantees to private entities for the construction or maintenance of revenue-producing infrastructure projects, and (2) indirect loans and loan guarantees to state and local governments and state infrastructure banks for the construction or maintenance of infrastructure projects. At least 7% of the dollar amount of the loans and loan guarantees shall be for infrastructure projects in rural areas. The Board of Governors of the Federal Reserve System shall have oversight and supervisory authority over the IBHC and the bank. The Department of the Treasury shall have oversight and supervisory authority over the issuance of bonds by the IBHC and the bank. The bank shall establish an Infrastructure Guarantee Fund to cover loans and loan guarantees in the event of nonpayment. The bill amends the Internal Revenue Code to: (1) extend and modify the dividends received deduction for repatriated foreign earnings used to purchase holding company bonds, and (2) allow a new infrastructure bank holding company credit.

## Related bills

- 115-hr-7393: Medicaid Quality Care Act
- 115-hr-7293: To designate the facility of the United States Postal Service located at 770 Ayrault Road in Fairport, New York, as the "Louise and Bob Slaughter Post Office".
- 115-hr-7260: Limousine Safety Modernization Act
- 115-hr-7136: LIVE Well Act
- 115-hr-7062: Never Forget the Heroes: Permanent Authorization of the September 11th Victim Compensation Fund Act
- 115-hr-7055: Keeping Girls in School Act

## Sources
- [115-hr-3977 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/3977)

## Related
- [115-hr-7393: Medicaid Quality Care Act](https://policyrisk.com/legislation/115-hr-7393)
- [115-hr-7293: To designate the facility of the United States Postal Service located at 770 Ay…](https://policyrisk.com/legislation/115-hr-7293)
- [115-hr-7260: Limousine Safety Modernization Act](https://policyrisk.com/legislation/115-hr-7260)
- [115-hr-7136: LIVE Well Act](https://policyrisk.com/legislation/115-hr-7136)
- [115-hr-7062: Never Forget the Heroes: Permanent Authorization of the September 11th Victim C…](https://policyrisk.com/legislation/115-hr-7062)
- [115-hr-7055: Keeping Girls in School Act](https://policyrisk.com/legislation/115-hr-7055)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-3977 (as of 2025-11-18).