legislation: 104-hr-3168
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
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| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 104-hr-3168 | 104 | hr | 3168 | National Infrastructure Development Act of 1996 | Economics and Public Finance | 1996-03-27 | 1996-05-17 | Referred to the Subcommittee on Domestic and International Monetary Policy. | House | Rep. DeLauro, Rosa L. [D-CT-3] | CT | D | D000216 | 5 | National Infrastructure Development Act of 1996 - Establishes as a wholly owned Government corporation: (1) the National Infrastructure Development Corporation (NIDC), which shall make new sources of financing (including public benefit bonds) available for the development of infrastructure facilities; and (2) the National Infrastructure Insurance Corporation (NIIC), which shall be a subsidiary of NIDC issuing insurance, reinsurance and related undertakings with respect to obligations for development of such facilities. Requires NIDC and NIIC to conduct their respective businesses as self-supporting entities. Directs the boards of directors of each to establish criteria for determining eligibility for financial assistance. Sets forth provisions regarding: (1) initial targeting of ready-to-go projects; (2) development risk insurance; (3) discretion of NIDC and NIIC to provide assistance; (4) final decisions regarding providing assistance to be made by an independent investment committee; and (5) capitalization, organization, and management of NIDC and NIIC. Requires the NIDC to prepare and revise as necessary a strategic plan for the transition of NIDC and all its subsidiaries to a government-sponsored enterprise, and for the sale or transfer to investors other than the Federal Government of NIDC's voting securities. Authorizes appropriations. | 2025-08-21T20:15:18Z |