Bill Summary

Generally addresses housing affordability and infrastructure. The bill authorizes the Department of Housing and Urban Development (HUD) to provide grants, programs, and other support related to public housing, affordable housing preservation and construction, and mortgage access. The bill also establishes and funds the National Investment Authority (NIA) which must design, finance, and implement a strategy of long-term national economic growth and development. The NIA must select projects that coordinate investment of public and private capital in equitable, inclusive, and sustainable growth of the economy. Furthermore, the bill establishes the National Infrastructure Bank (NIB) to implement the strategy by engaging in credit market activities that support public and private investment in critical public infrastructure projects. The bill gives the NIA bond issuing authority and authorizes the Board of Governors of the Federal Reserve System to purchase these bonds. The Federal Reserve must lend funds on a short-term basis upon the request of the NIB and other subsidiaries. Additionally, the Department of the Treasury must provide for a line of credit not to exceed 100% of the NIA’s total assets. Finally, the bill (1) authorizes HUD to provide support for fair housing organizations, and (2) requires consultation with a fair housing enforcement organization as part of an application for certain housing grants or funds.

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Status

Bill Text

Date Bill Type Click here for Bill Details (PDF)
2021-08-03 https://www.congress.gov/117/bills/hr4497/BILLS-117hr4497ih.pdf

Votes

Date Action Vote Document

Amendments

no data available at this time.

Bill History

Date Action
2021-07-22Sponsor introductory remarks on measure. (CR E800-801)
2021-07-16Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, Education and Labor, Energy and Commerce, the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-07-16Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, Education and Labor, Energy and Commerce, the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-07-16Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, Education and Labor, Energy and Commerce, the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-07-16Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, Education and Labor, Energy and Commerce, the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-07-16Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, Education and Labor, Energy and Commerce, the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-07-16Referred to the Committee on Financial Services, and in addition to the Committees on Transportation and Infrastructure, Education and Labor, Energy and Commerce, the Judiciary, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
2021-07-16Introduced in House

Sponsors

Name District
Maxine WatersHD-CA-43
Carolyn MaloneyHD-NY-12
Nydia VelazquezHD-NY-7
Al GreenHD-TX-9
Emanuel CleaverHD-MO-5
Joyce BeattyHD-OH-3
Al LawsonHD-FL-5
Ayanna PressleyHD-MA-7
Ritchie TorresHD-NY-15
Rashida TlaibHD-MI-13
Alexandria Ocasio-CortezHD-NY-14
Jesus GarciaHD-IL-4
Sylvia GarciaHD-TX-29
Nikema WilliamsHD-GA-5
Jake AuchinclossHD-MA-4
Janice SchakowskyHD-IL-9
Ted LieuHD-CA-33
Barbara LeeHD-CA-13
Lisa RochesterHD-DE
Albio SiresHD-NJ-8
Yvette ClarkeHD-NY-9
Dwight EvansHD-PA-2
Adriano EspaillatHD-NY-13
Gwen MooreHD-WI-4
Earl BlumenauerHD-OR-3
Deborah RossHD-NC-2
Jamaal BowmanHD-NY-16
Eleanor NortonHD-DC
Linda SanchezHD-CA-38
Vicente GonzalezHD-TX-15
Gregory MeeksHD-NY-5
Grace NapolitanoHD-CA-32
Steve CohenHD-TN-9
Marilyn StricklandHD-WA-10
Mondaire JonesHD-NY-17
Darren SotoHD-FL-9
Judy ChuHD-CA-27
Marie NewmanHD-IL-3
Sheila Jackson-LeeHD-TX-18
Bobby RushHD-IL-1
Steven HorsfordHD-NV-4
Adam SmithHD-WA-9
Thomas SuozziHD-NY-3
David CicillineHD-RI-1
Michael San NicolasHD-GU
Donald PayneHD-NJ-10
Grace MengHD-NY-6
Ro KhannaHD-CA-17
Raul GrijalvaHD-AZ-3
Marcy KapturHD-OH-9
Jerrold NadlerHD-NY-10
Dina TitusHD-NV-1
Ed PerlmutterHD-CO-7
Tim RyanHD-OH-13
Brenda LawrenceHD-MI-14
Alma AdamsHD-NC-12
Cori BushHD-MO-1
Anthony BrownHD-MD-4
Ilhan OmarHD-MN-5
Anna EshooHD-CA-18
Jahana HayesHD-CT-5
Michael DoyleHD-PA-14
Danny DavisHD-IL-7
Adam SchiffHD-CA-28
Pete AguilarHD-CA-31
James McGovernHD-MA-2
Tony CardenasHD-CA-29
Mark PocanHD-WI-2
Mark DeSaulnierHD-CA-11
Don BeyerHD-VA-8
Suzanne BonamiciHD-OR-1
Joseph NeguseHD-CO-2
Madeleine DeanHD-PA-4
Karen BassHD-CA-37
John GaramendiHD-CA-3
Mary Gay ScanlonHD-PA-5
Kaialii KaheleHD-HI-2
Alan LowenthalHD-CA-47
Bonnie ColemanHD-NJ-12
Jason CrowHD-CO-6