National Infrastructure Bank Act of 2025
Summary
The National Infrastructure Bank Act of 2025 proposes the establishment of a National Infrastructure Bank to facilitate investments in infrastructure projects and job creation. The bank would be capitalized through Treasury securities, paid-in share capital, and potential contributions from the US Treasury. It aims to address a significant infrastructure financing gap identified by the American Society of Civil Engineers.
Expected Effects
The Act would create a new financial institution capable of providing substantial loans for infrastructure development across various sectors. This could lead to modernization of infrastructure, economic growth, and job creation. The bank is intended to operate with a degree of independence, subject to oversight and assessments.
Potential Benefits
- Increased investment in infrastructure projects nationwide.
- Potential for significant job creation in construction and related industries.
- Improved infrastructure quality and resilience.
- Economic growth through increased productivity and connectivity.
- Targeted support for disadvantaged communities through subsidized loans.
Potential Disadvantages
- Potential for increased government debt and financial risk, despite the bank's structure.
- Risk of political influence in project selection.
- Potential for displacement of private sector investment in infrastructure.
- Complexity in establishing and managing a large financial institution.
- Possible delays and inefficiencies in project implementation.
Constitutional Alignment
The Act's establishment of a National Infrastructure Bank falls under the implied powers of Congress, derived from Article I, Section 8, which grants Congress the power to borrow money, regulate commerce, and provide for the general welfare. The Act's provisions for audits and reports to Congress ensure accountability and transparency, aligning with constitutional principles of oversight. The Act does not appear to infringe upon any explicit constitutional limitations.
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).