National Infrastructure Investment Corporation Act of 2025

The National Infrastructure Investment Corporation Act of 2025 would create a new government corporation, the National Infrastructure Investment Corporation (NIIC), whose purpose is to finance infrastructure projects that local governments cannot finance on their own. It would provide low-cost loans, loan guarantees, and bonds for projects in transportation, energy, environment, and telecommunications, aiming to attract capital (notably from pension funds) and reduce federal cost exposure. A 7-member board with diverse appointments and a dedicated Inspector General would oversee the NIIC, and the agency would operate with strong audit, reporting, and transparency requirements, including a 60-day congressional waiting period before loans can be awarded. The act envisions funding primarily from pension fund loans (2026–2030) and imposes a 3–4% APR on such loans.