National Infrastructure Development Bank Act of 2023
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Summary
This bill establishes the National Infrastructure Development Bank as an independent federal agency to provide direct loans, loan guarantees, and other financial assistance for infrastructure projects. The Bank would finance energy, environmental, telecommunications, and transportation infrastructure, with a Director and Deputy Director appointed by the President and confirmed by the Senate. The bill specifies eligibility criteria, governance structures including risk management and audit committees, and requires the Bank to prioritize projects in disadvantaged communities and those reducing greenhouse gas emissions.
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