,i  #aah? ,,congress  #a/ ,session  ,h4 
,r4 #dij  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #bd1 #bjbc,mr4
 ,web/] ( ,florida introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,transportation & ,infra/ructure1 & 9   
addition to ! ,committees on ,f9ancial  
,s]vices1 & ,ways & ,means1 = a p]iod to
 be subsequ5tly det]m9$ by ! ,speak]1 9 
ea* case = consid]ation ( su* provisions
 z fall )9 ! jurisdiction ( ! committee 
conc]n$  ,a ,,bill  ,to e/abli% ! ,f$]al
 ,infra/ructure ,bank to facilitate     
inve/m5t 91 & ! long-t]m f9anc+ (1      
economically viable ,unit$ ,/ates       
infra/ructure projects t provide a      
public b5efit1 & = o!r purposes4  #a4   
,%ort title ,?is ,act may be cit$ z !   
,f$]al ,infra/ructure ,bank ,act (      
#bjbc4  #b4 ,def9itions ,= ! purposes ( 
?is ,act3 7#a7 ,bank ,! t]m ,bank means 
! ,f$]al ,infra/ructure ,bank e/abli%$  
"u section #d4  7#b7 ,eligible entity ,!
 t]m eligible entity means-- 7,a7 a     
corporation1 limit$ liability company1  

or any o!r legally e/abli%$ corporate   
=m2  7,b7 a p>tn]%ip1 includ+ a         
public-private p>tn]%ip2  7,c7 a jo9t   
v5ture2  7,d7 a tru/2  7,e7 a ,/ate2    
7,f7 any o!r gov]nm5tal entity1 includ+ 
a political subdivision or any o!r      
in/rum5tality ( a ,/ate2  7,g7 a revolv+
 fund2 or  7,h7 a ,/ate infra/ructure   
bank4  7#c7 ,hold+ ,company ,! t]m      
,hold+ ,company means ! ,f$]al          
,infra/ructure ,bank ,hold+ ,company    
e/abli%$ "u section #c4  7#d7           
,infra/ructure project ,! t]m           
infra/ructure project means !           
con/ruction1 consolidation1 alt]ation1  
op]ations1 ma9t5ance1 or repair (       
projects1 :i* provide public b5efit or  
use1 9 ! foll[+ categories3 7,a7        
,highway & roadway facilities1 includ+  
bridges & tunnels4  7,b7 ,port or m>9e  
t]m9al facilities1 includ+ approa*es to 
m>9e t]m9al facilities or inl& port     
facilities1 & port or m>9e equipm5t     
includ+ fix$ equipm5t to s]ve approa*es 
to m>9e t]m9als or inl& ports4  7,c7    

,airports1 heliports1 v]tiports1        
spaceports1 or air traffic control      
sy/ems & facilities4  7,d7 ,transmission
 or di/ribution pipel9es4  7,e7         
,facilities or equipm5t = en]gy         
transmission1 di/ribution1 or /orage4   
7,f7 ,int]city pass5g] or freight rail  
l9es1 facilities1 or equipm5t4  7,g7    
,int]city pass5g] bus facilities or     
equipm5t4  7,h7 ,public transportation  
facilities or equipm5t4  7,i7 ,inl&     
wat]ways4  7,j7 ,int]modal facilities or
 equipm5t4  7,k7 ,wat] treatm5t & solid 
wa/e disposal facilities & associat$    
infra/ructure su* z pipes4  7,l7 ,/orm  
wat] managem5t sy/ems4  7,m7 ,dams &    
levees4  7,n7 ,any o!r infra/ructure    
project :i* ! ,bank id5tifies z provid+ 
a public b5efit ) reg>ds to             
infra/ructure4  7#e7 ,risk-bas$ capital 
,! t]m risk-bas$ capital %all h ! mean+ 
giv5 t t]m by ! ,bo>d ( ,gov]nors ( !   
,f$]al ,res]ve ,sy/em4  7#f7 ,rural ,!  
t]m rural means any area n 9 a          
metropolitan /ati/ical area ) a         

population ( #ej1jjj or great]4  7#g7   
,/ate ,! t]m ,/ate means ea* ( ! #ej    
sev]al ,/ates ( ! ,unit$ ,/ates1 !      
,di/rict ( ,columbia1 ! ,commonweal? (  
,pu]to ,rico1 ,am]ican ,samoa1 ,guam1 ! 
,unit$ ,/ates ,virg9 ,isl&s1 !          
,commonweal? ( ! ,nor!rn ,m>iana ,isl&s1
 & ea* f$]ally recogniz$ ,indian ,tribe4
  7#h7 ,/ate infra/ructure bank ,! t]m  
,/ate infra/ructure bank means a ,/ate  
infra/ructure bank or multi-,/ate       
infra/ructure bank e/abli%$ pursuant    
to-- 7,a7 section #cej ( ! ,national    
,highway ,sy/em ,designation ,act (     
#aiie2  7,b7 section #aeaa7l7 ( !       
,transportation ,equity ,act = ! #ba/   
,c5tury2  7,c7 section #faj ( title #bc1
 ,unit$ ,/ates ,code2 or  7,d7 any ,/ate
 law z an ag5cy1 compon5t unit1 or o!r  
gov]nm5tal entity ( ! ,/ate4  #c4       
,selection ( ! ,=mation ,ag5t  7a7 ,9   
g5]al ,)9 #fj days ( ! date ( enactm5t (
 ?is ,act1 ! ,secret>y ( ! ,treasury1 9 
consultation ) ! ,*airman ( ! ,bo>d (   
,gov]nors ( ! ,f$]al ,res]ve ,sy/em1    

%all select a ,=mation ,ag5t :i* %all-- 
7#a7 make & file ) ! ,secret>y ( !      
,treasury an organization c]tificate = !
 ,bank 9 accordance ) su* rules &       
regulations z ! ,secret>y may prescribe1
 includ+ ! e/abli%m5t ( ! ,hold+        
,company2 &  7#b7 h significant exp]i5ce
 9 infra/ructure & infra/ructure f9ance4
  7b7 ,e/abli%m5t ( ! ,f$]al            
,infra/ructure ,bank ,hold+ ,company ,)9
 #cj days aft] be+ select$ "u subsection
 7a71 ! ,=mation ,ag5t %all e/abli% !   
,f$]al ,infra/ructure ,bank ,hold+      
,company1 prescribe ! gov]n+ /ructure ( 
! ,hold+ ,company1 & e/abli% ! ,f$]al   
,infra/ructure ,bank ,hold+ ,company    
,bo>d ( ,directors1 :i* %all-- 7#a7     
initially consi/ ( #g memb]s2  7#b7 be  
elect$ by ! %>ehold]s ( ! ,hold+        
,company2  7#c7 s]ve #d-ye> t]ms1 only  
#b ( :i* may be consecutive2  7#d7 )9 ! 
limitations ( law & regulation1 det]m9e 
& sign ! articles ( association t gov]n 
! op]ations ( ! ,hold+ ,company1 & h !  
p[] to adopt1 am5d1 & repeal bylaws     

gov]n+ ! p]=mance ( ! p[]s & duties     
grant$ to or impos$ ^u ! ,hold+ ,company
 by law2 &  7#e7 select & effect !      
appo9tm5t ( qualifi$ p]sons to fill !   
(fice ( ! ,*ief ,executive ,(fic] ( !   
,bank & su* o!r (fices z may be provid$ 
= 9 ! bylaws ( ! ,hold+ ,company & !    
,f$]al ,infra/ructure ,bank4  7c7 ,e>n+s
 ,& res]ves n ,gov]nm5t funds ,! e>n+s &
 res]ves ( ! ,hold+ ,company %all be !  
sole prop]ty ( ! ,hold+ ,company & are n
 ,gov]nm5t funds or public funds4  7d7  
,treatm5t ( %>ehold]s ( ! ,=mation ,ag5t
 ,! ,=mation ,ag5t %all issue equity    
securities ( ! ,hold+ ,company to ea*   
%>ehold] ( ! ,=mation ,ag5t1 9 an am\nt 
t ! ,=mation ,ag5t det]m9es has a value 
equal to ! value ( equity securities ( !
 ,=mation ,ag5t held by su* %>ehold] ^u 
! e/abli%m5t ( ! ,hold+ ,company4  #d4  
,e/abli%m5t ( ! ,f$]al ,infra/ructure   
,bank  7a7 ,9 g5]al ,! ,=mation ,ag5t   
%all e/abli% ! ,f$]al ,infra/ructure    
,bank z a ,delaw>e corporation & ! ,bank
 %all be a :olly own$ subsidi>y ( !     

,hold+ ,company4  7b7 ,f$]al bank+ *>t] 
,! ,comptroll] ( ! ,curr5cy %all grant a
 national bank *>t] to ! ,bank4  7c7    
,regional (fices ,)9 #e ye>s ( ! date ( 
enactm5t ( ?is ,act1 ! ,bank %all       
e/abli% regional (fices = ! purpose (   
focus+ on infra/ructure projects 9      
diff]5t areas ( ! ,unit$ ,/ates4  7d7   
,bo>d ( ,directors ,! ,bo>d ( ,directors
 ( ! ,hold+ ,company e/abli%$ "u section
 #c %all be ! initial ,bo>d ( ,directors
 ( ! ,bank4  7e7 ,e>n+s & res]ves n     
gov]nm5t funds ,! e>n+s & res]ves ( !   
,bank are n ,gov]nm5t funds or public   
funds4  #e4 ,functions ( ! ,bank  7a7 ,9
 g5]al ,! ,bank %all provide equity     
inve/m5ts1 direct loans1 indirect loans1
 & loan gu>antees to eligible entities =
 ! plann+1 pre-developm5t1 design1      
con/ruction1 op]ations or ma9t5ance (   
rev5ue-produc+ infra/ructure projects 9 
! ,unit$ ,/ates ) suffici5t rev5ue      
s\rces & gu>antees to support ! int]e/ &
 pr9cipal paym5ts to ! ,bank4  7b7      
,support = rural projects ,n less ?an   

#aj p]c5t ( ! doll> am\nt ( loans1      
equity inve/m5ts1 & loan gu>antees      
provid$ by ! ,bank %all be ) respect to 
infra/ructure projects 9 rural areas4   
7c7 ,lev]ag+ ,bank inve/m5ts ,! ,bank   
%all attempt to cross subsidize         
non-rev5ue infra/ructure projects )     
rev5ue g5]at+ infra/ructure projects to 
div]sify ! loan portfolio4  7d7 ,no     
comm]cial or inve/m5t bank+ activities  
,not)/&+ any o!r provision ( law1 !     
,bank is prohibit$ f-- 7#a7 accept+     
cu/om] deposits2 or  7#b7 engag+ 9      
f9ancial or inve/m5t bank+ activities1  
except ) respect to ! ,bank's own       
rev5ues4  7e7 ,pl$ge & cr$it facilities 
7#a7 ,pl$ge ,! ,bank %all h ! au?ority  
to pl$ge its loans to ! disc\nt w9d[ ( !
 ,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve   
,sy/em4  7#b7 ,pur*ase ( obligations ,! 
,secret>y ( ! ,treasury may pur*ase     
obligations issu$ by ! ,bank 9 ! same   
mann] & "u ! same requirem5ts t !       
,secret>y pur*ases obligations "u       
section #cjf7;c7 ( ! ,f$]al ,home ,loan 

,mortgage ,corporation ,act 7#ab        
,u4,s4,c4 #adee7;c774  7f7 ,lev]age     
limitation ,! ,bank %all ma9ta9         
risk-bas$ capital at no less ?an #aj    
p]c5t1 collectively = ! ,bank & ! ,hold+
 ,company4  7g7 ,lifecycle ,! ,bank %all
 ensure t infra/ructure projects acc\nt 
= long-t]m op]ations1 ma9t5ance1 &      
life-cycle co/s & obligations to ensure 
t ! infra/ructure projects maximize !   
useful life ( ea* applicable asset4  7h7
 ,infra/ructure deliv]y ,! ,bank1 z a   
cle>+h\se = infra/ructure f9ance1 may   
provide implem5tation advisory          
assi/ance1 directly or indirectly1 to   
infra/ructure projects4  7i7 ,cr$it rat+
 ,! ,bank %all accept cr$it rat+s       
consi/5t ) typical infra/ructure m>ket  
practice to enhance deploym5t ( capital4
  7j7 ,prohibition on fund+ ( =eign     
projects ,! ,bank is prohibit$ f provid+
 equity inve/m5ts1 direct loans1        
indirect loans1 & loan gu>antees =      
infra/ructure projects n locat$ )9 !    
,unit$ ,/ates4  7k7 ,prohibition )      

respect to ,*9a ,! ,bank is prohibit$ f 
provid+ equity inve/m5ts1 direct loans1 
indirect loans1 & loan gu>antees =      
infra/ructure projects t are own$1      
direct$1 controll$1 f9anc$1 or influ5c$ 
by ! ,gov]nm5t ( ! ,p's ,republic (     
,*9a1 ! ,*9ese ,communi/ ,p>ty1 or !    
,p's ,lib]ation ,army4  #f4 ,hold+      
,company securities  7a7 ,equity        
securities  7#a7 ,9 g5]al ,! ,hold+     
,company %all issue su* equity          
securities z ! ,bo>d ( ,directors ( !   
,hold+ ,company det]m9es appropriate4   
7#b7 ,divid5ds ,! ,hold+ ,company may   
make su* divid5d paym5ts on ! equity    
securities ( ! ,hold+ ,company z !      
,hold+ ,company det]m9es appropriate4   
7#c7 ,re/riction on vot+ rights ,any    
hold] ( an equity security ( ! ,hold+   
,company t is a non-,unit$ ,/ates       
individual or entity %all h no vot+     
rights ) respect to su* equity security4
  7b7 ,bonds  7#a7 ,/&>d bonds ,! ,hold+
 ,company may issue /&>d bonds )        
maturities up to #cj ye>s or long]1 z   

ne$$4  7#b7 ,o!r bonds ,! ,hold+        
,company may issue o!r bonds1 notes1 &  
m>ketable securities ) maturities &     
int]e/ rates z ! ,hold+ ,company        
det]m9es appropriate4  7#c7 ,au?ority to
 pur*ase bonds  7,a7 ,9 g5]al ,!        
,secret>y ( ! ,treasury & ! ,bo>d (     
,gov]nors ( ! ,f$]al ,res]ve ,sy/em may 
pur*ase bonds issu$ "u ?is section4     
7,b7 ,limitation ,! aggregate am\nt (   
out/&+ bonds pur*as$ by ! ,secret>y "u  
?is p>agraph may n exce$ #e p]c5t ( !   
total am\nt ( ! out/&+ bonds ( ! ,hold+ 
,company4  7c7 ,lev]age limitation ,!   
,hold+ ,company %all ma9ta9 risk-bas$   
capital at no less ?an #aj p]c5t1       
collectively = ! ,bank & ! ,hold+       
,company4  7d7 ,inve/m5t limitation on  
non-,unit$ ,/ates individuals & entities
  7#a7 ,non-,unit$ ,/ates individuals & 
entities may n hold m ?an #be p]c5t1 9 !
 aggregate1 ( ! equity securities &     
bonds ( ! ,hold+ ,company4  7#b7 ,!     
,=mation ,ag5t & ,hold+ ,company are    
prohibit$ f issu+ any bond1 note1       

m>ketable security1 or o!r f9ancial     
in/rum5t to any p]son or entity-- 7,a7  
affiliat$ )1 own$ by1 or direct$1       
controll$1 f9anc$1 or influ5c$ by !     
,gov]nm5t ( ! ,p's ,republic ( ,*9a1 !  
,*9ese ,communi/ ,p>ty1 or ! ,p's       
,lib]ation ,army2 or  7,b7 affiliat$ )1 
own$ by1 or direct$1 controll$1 f9anc$1 
or influ5c$ by a ,/ate ,sponsor (       
,t]rorism1 z s designat$ by ! ,secret>y 
( ,/ate4  #g4 ,ov]sight & regulation ,! 
,bo>d ( ,gov]nors ( ! ,f$]al ,res]ve    
,sy/em %all-- 7#a7 h ov]sight &         
sup]visory au?ority ov] ! ,hold+        
,company & ! ,bank1 9 ord] to ensure !  
safe & s\nd op]ation ( ! ,hold+ ,company
 & ! ,bank2 &  7#b7 %all regulate ,bank 
activities to ensure compliance ) !     
requirem5ts set =? 9 ?is ,act4  #h4     
,infra/ructure ,gu>antee ,fund ,! ,bank 
%all e/abli% an ,infra/ructure ,gu>antee
 ,fund t %all be us$ ) respect to       
specific loans or loan gu>antees made by
 ! ,bank 9 ! ev5t ( any non-paym5t by ! 
recipi5t ( su* loan or loan gu>antee4   

#i4 ,hold+ ,company & ,bank exemption f 
taxation ,effective = taxable ye>s end+ 
on or aft] ! date ( enactm5t ( ?is ,act1
 ! ,hold+ ,company & ! ,bank1 includ+   
fran*ises1 capital1 res]ves1 surplus1   
advances1 & income ( ! ,hold+ ,company  
or ,bank1 %all be exempt f all taxation 
impos$ by ! ,unit$ ,/ates & any ,/ate1  
c\nty1 municipal1 or local tax+         
au?ority1 except t any real prop]ty ( ! 
,hold+ ,company & ! ,bank %all be       
subject to ,/ate1 c\nty1 municipal1 or  
local taxation to ! same ext5t accord+  
to its value z o!r real prop]ty is tax$4
  #aj4 ,f$]al ,infra/ructure ,bank      
,hold+ ,company cr$it  7a7 ,9 g5]al     
,subp>t ,d ( "p ,,iv ( sub*apt] ,a (    
*apt] #a ( ! ,int]nal ,rev5ue ,code (   
#aihf is am5d$-- 7#a7 by add+ at ! end !
 foll[+ new section3  #de;,,aa4 ,f$]al  
,infra/ructure ,bank ,hold+ ,company    
cr$it  7a7 ,9 g5]al ,= purposes (       
section #ch1 9 ! case ( a taxpay] :o    
holds a qualifi$ ,hold+ ,company equity 
inve/m5t on a cr$it all[ance date ( su* 

inve/m5t :i* occurs dur+ ! taxable ye>1 
! ,f$]al ,infra/ructure ,bank ,hold+    
,company cr$it det]m9$ "u ?is section = 
su* taxable ye> is an am\nt equal to #aj
 p]c5t ( ! am\nt paid to ! ,hold+       
,company = su* inve/m5t at its orig9al  
issue4  7b7 ,cr$it all[ance date ,=     
purposes ( ?is section1 ! cr$it all[ance
 date ) respect to any qualifi$ ,hold+  
,company equity inve/m5t is-- 7#a7 !    
date on :i* su* inve/m5t is initially   
made2 &  7#b7 ea* ( ! #d taxable ye>s   
!reaft]4  7c7 ,qualifi$ hold+ company   
equity inve/m5t ,= purposes ( ?is       
section1 ! t]m qualifi$ ,hold+ ,company 
equity inve/m5t means any equity        
inve/m5t orig9ally issu$ by ! ,hold+    
,company to ! taxpay] "u section        
#f7;a77#a7 ( ! ,f$]al ,infra/ructure    
,bank ,act ( #bjbc n lat] ?an #c ye>s   
aft] ! =mation ( ! ,f$]al ,infra/ructure
 ,bank ,hold+ ,company pursuant to      
section #c ( ! ,f$]al ,infra/ructure    
,bank ,act ( #bjbc4  7d7 ,hold+ company 
,= purposes ( ?is section1 ! t]m ,hold+ 

,company means ! ,f$]al ,infra/ructure  
,bank ,hold+ ,company e/abli%$ by !     
,f$]al ,infra/ructure ,bank ,act (      
#bjbc4  2 &  7#b7 9 ! table ( cont5ts = 
su* subp>t1 by add+ at ! end ! foll[+3  
#de;,,aa4 ,f$]al ,infra/ructure ,bank   
,hold+ ,company cr$it4  4  7b7 ,con=m+  
am5dm5ts  7#a7 ,section #ch7;b7 ( su*   
,code is am5d$ by /rik+ plus at ! end ( 
p>agraph 7#cg71 by /rik+ ! p]iod at !   
end ( p>agraph 7#ch7 & ins]t+ 1 plus1 & 
by add+ at ! end ! foll[+ new p>agraph3 
7#ci7 ! ,f$]al ,infra/ructure ,bank     
,hold+ ,company cr$it det]m9$ "u section
 #de;,,aa4  4  7#b7 ,section #ajaf7;a7 (
 su* ,code is am5d$ by /rik+ & at ! end 
( p>agraph 7#cg71 by /rik+ ! p]iod at ! 
end ( p>agraph 7#ch7 & ins]t+ 1 &1 & by 
add+ at ! end ! foll[+ new p>agraph3    
7#ci7 to ! ext5t provid$ 9 section      
#de;,,aa7e74  4  7c7 ,effective date ,! 
am5dm5ts made by ?is section %all apply 
to taxable ye>s end+ aft] ! date ( !    
enactm5t ( ?is ,act4  #aa4 ,rule (      
con/ruction ,no?+ 9 ?is ,act may be     

con/ru$ z au?oriz+ ! ,f$]al ,gov]nm5t to
 gu>antee ! assets ( ! ,bank or ,hold+  
,company4