tailieunhanh - National Infrastructure Bank: Overview and Current Legislation

The new Foundation for Social Housing (FHS) intends to enable the development of new housing built on land acquired at low cost, to be managed by non-profit organisations oper- ating in accordance with pre-defined rules. The accommodation will be provided at below- market rents and will be allocated to specific target groups (. older people, students, immigrants, single income households etc.). The project involves close collaboration with the public administration, with both the Region of Lombardy and the Local Government Association being represented on the board of FHS. The initial aim of the Foundation is to raise a Fund of €50 million. | National Infrastructure Bank Overview and Current Legislation William J. Mallett Specialist in Transportation Policy Steven Maguire Specialist in Public Finance Kevin R. Kosar Analyst in American National Government December 14 2011 Congressional Research Service 7-5700 R42115 CRS Report for Congress------------- Prepared for Members and Committees of Congress National Infrastructure Bank Overview and Current Legislation Summary Several bills to establish a national infrastructure bank have been introduced in the 112th Congress. This report examines three such bills the Building and Upgrading Infrastructure for Long-Term Development Act S. 652 the American Infrastructure Investment Fund Act of 2011 S. 936 and the National Infrastructure Development Bank Act of 2011 . 402 . These proposals share three main goals increasing total investment in infrastructure by encouraging new investment from nonfederal sources improving project selection by insulating decisions from political influence and encouraging new investment with relatively little effect on the federal budget through a mostly self-sustaining entity. The federal government already uses a wide range of direct expenditures grants loans loan guarantees and tax preferences to expand infrastructure investment. A national infrastructure bank would be another way to provide federal credit assistance such as direct loans and loan guarantees to sponsors of infrastructure projects. To a certain extent a new institution may be duplicative with existing federal programs in this area and Congress may wish to consider the extent to which an infrastructure bank should supplant or complement existing federal infrastructure efforts. It is unclear how much new nonfederal investment would be encouraged by a national infrastructure bank beyond the additional budgetary resources Congress might choose to devote to it. The bank may be able to improve resource allocation through a rigorous project selection process .