The National Infrastructure Investment Corporation Act creates a new federal government corporation to make loans and loan guarantees for large infrastructure projects — roads, bridges, water systems, energy, and telecommunications — that are too big for states or cities to finance on their own. The Corporation would be run by a seven-member board appointed jointly by the President and congressional leaders, and it could borrow up to $5 billion per year from pension funds at interest rates between 3 and 4 percent to fund the loans. Before any individual loan is finalized, Congress gets a 60-day window to review and block it, and the Corporation must submit annual reports and undergo yearly audits by an in-house Inspector General plus a broader GAO review every five years. This would primarily affect state and local governments seeking financing for major infrastructure projects, as well as pension funds that choose to lend money to the Corporation. The bill cites an estimated nationwide infrastructure repair backlog of $3.7 trillion as the rationale for creating this new financing tool.
Transparency & Accountability
- Inspector General oversight — New IG position created with audit and investigation authority over the Corporation
- Congressional reporting — Annual reports to Congress and independent GAO evaluations required every 5 years
- Congressional review window — Individual loans face a 60-day notice period allowing Congress to disapprove funding
Congressional Summary
National Infrastructure Investment Corporation Act of 2025This bill establishes the National Infrastructure Investment Corporation as a government corporation to finance infrastructure projects that are beyond the financing capabilities of states and cities, including to (1) prioritize projects in a fair and efficient manner, and (2) minimize financial costs to the federal government.The corporation must provide loans, loan guarantees, and bonds to eligible applicants for infrastructure projects (including transportation, energy, environment, and telecommunications projects) in the United States.The corporation must submit a report to Congress describing each application 60 days before any loan or loan guarantee is awarded under this bill. The corporation may award the loan or loan agreement after such period unless Congress enacts a joint resolution disapproving the application with an explanation for such disapproval. An application that addresses the basis for the disapproval may be resubmitted to the corporation.Every five years, the Government Accountability Office must evaluate the activities of the corporation from the previous five fiscal years and submit a report to Congress.
Details
- Congress
- 119th
- Chamber
- House
- Status
- summarized
- Action
- Introduced in House
- Action Date
- 2025-07-10
- Date Added
- 2026-07-18
- Source
- Congress.gov →
Like reading a bill in plain English?
We're building an app that does this for every bill in Congress and lets you tell your reps how you want them to vote. We're a small team getting ready to launch, and we're trying to show investors that real people want this. Be one of them. Help us get it built. Leave your email and we'll tell you the moment the app is ready.