# 116-hr-7231: Infrastructure Bank for America Act of 2020

116-hr-7231, Infrastructure Bank for America Act of 2020, is a 116th Congress bill sponsored by Rep. Webster, Daniel [R-FL-11] (R-FL); status Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/116-hr-7231
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 116-hr-7231
- Congress: 116
- Title: Infrastructure Bank for America Act of 2020
- Status: Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
- Introduced: 2020-06-15
- Sponsor: Rep. Webster, Daniel [R-FL-11] (R-FL)
- Cosponsors: 6
- Policy area: Transportation and Public Works
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Infrastructure Bank for America Act of 2020 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) equity investments, direct loans, indirect loans, and loan guarantees for the construction or maintenance of revenue-producing infrastructure projects in the United States with sufficient revenue sources and guarantees to support the interest and principal payments to such bank; and (2) direct and 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, equity investments, 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 oversee and supervise 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 by loan recipients. The bill provides for a taxpayer credit in an amount equal to 10% of the amount such taxpayer paid to the IBHC for an equity investment at its original issue.

## Cosponsors (6)

- Rep. Meuser, Daniel [R-PA-9] (R-PA), 2020-06-15T00:00:00.000Z
- Rep. Reed, Tom [R-NY-23] (R-NY), 2020-06-15T00:00:00.000Z
- Rep. LaMalfa, Doug [R-CA-1] (R-CA), 2020-06-15T00:00:00.000Z
- Rep. Wilson, Joe [R-SC-2] (R-SC), 2020-09-17T00:00:00.000Z
- Rep. Spano, Ross [R-FL-15] (R-FL), 2020-09-17T00:00:00.000Z
- Rep. Davis, Rodney [R-IL-13] (R-IL), 2020-09-23T00:00:00.000Z

## Related bills

- 116-hr-19: Lower Costs, More Cures Act of 2019
- 116-hr-4305: PAWS for Veterans Therapy Act
- 116-hr-2423: Women's Suffrage Centennial Commemorative Coin Act
- 116-hr-7278: JUSTICE Act
- 116-hr-3495: Improve Well-Being for Veterans Act
- 116-hr-7642: Coronavirus Economic Relief for Transportation Services Act

## Sources
- [116-hr-7231 on Congress.gov](https://www.congress.gov/bill/116th-congress/house-bill/7231)

## Related
- [116-hr-19: Lower Costs, More Cures Act of 2019](https://policyrisk.com/legislation/116-hr-19)
- [116-hr-4305: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/116-hr-4305)
- [116-hr-2423: Women's Suffrage Centennial Commemorative Coin Act](https://policyrisk.com/legislation/116-hr-2423)
- [116-hr-7278: JUSTICE Act](https://policyrisk.com/legislation/116-hr-7278)
- [116-hr-3495: Improve Well-Being for Veterans Act](https://policyrisk.com/legislation/116-hr-3495)
- [116-hr-7642: Coronavirus Economic Relief for Transportation Services Act](https://policyrisk.com/legislation/116-hr-7642)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/116-hr-7231 (as of 2025-11-18).