Press Releases
Webster Leads Bipartisan Effort to Strengthen America’s Future with Smarter Infrastructure Investment
February 12, 2025
Washington, D.C. — Today, Florida Congressman Daniel Webster (R-FL), and California Congressman Salud Carbajal (D-CA) introduced the bipartisan Federal Infrastructure Bank Act of 2025, a bill to support private funding for infrastructure projects throughout the United States.
“America’s infrastructure is long overdue for critical repairs and needed advancements,” said Rep. Webster. “From roads and bridges to spaceports and energy grids, our nation’s infrastructure must not only be restored but modernized to meet the demands of the 21st century. This bank will work with state and local partners ensure that they have access to the capital needed to improve our nation’s infrastructure. It does so without placing the financial burden on taxpayers, leveraging private investment to build a stronger America.”
The Federal Infrastructure Bank will provide loans and loan guarantees specifically targeted to infrastructure projects while being prohibited from engaging in other types of banking activities. Under this legislation, project eligibility is broad as no federal taxpayer dollars are at stake and can help finance surface transportation and aviation projects, marine ports and terminals, energy grid facilities, spaceports, broadband connectivity, and any other infrastructure project that benefits the American people and revitalizes Main Street USA. While these projects may be privately funded, they remain public assets that serve the American people.
“As we near the sunset of the Bipartisan Infrastructure Law, and with farther to go close the decades-long shortfall in infrastructure investments, we need to continue working across the aisle to create policies that can help fix our roads and bridges, upgrade our waterways and wastewater systems, expand telecommunications capabilities, and support our community’s needs,” said Congressman Carbajal. “I'm proud to partner with my colleague Congressman Webster to recognize the continuing need with a bill that would unlock billions of dollars a year in private funding to support our nation’s most pressing infrastructure projects.”
“This bank serves as a complement, not a replacement, for existing programs and encourages states, municipalities and other entities to pursue all available funding sources,” Webster added. “While Federal infrastructure investment is critical, the current level of resources from the federal government will not address America’s growing infrastructure needs on its own. This Bank will bridge that gap by leveraging private capital to fund infrastructure projects – securing America’s place as a leader in transportation and infrastructure for generations to come.”
The Bank encourages private investment for initial capitalization through tax incentives for those investments during the first three years of operation. This approach differs from prior Infrastructure Bank proposals as it will be entirely capitalized by private investment. Infrastructure banks have successfully complemented existing funding programs across the world, including US state infrastructure banks. If enacted, the bank will support industries and projects critical to the structure, growth, and resurgence of the US economy.
Read the full bill text here.
“America’s infrastructure is long overdue for critical repairs and needed advancements,” said Rep. Webster. “From roads and bridges to spaceports and energy grids, our nation’s infrastructure must not only be restored but modernized to meet the demands of the 21st century. This bank will work with state and local partners ensure that they have access to the capital needed to improve our nation’s infrastructure. It does so without placing the financial burden on taxpayers, leveraging private investment to build a stronger America.”
The Federal Infrastructure Bank will provide loans and loan guarantees specifically targeted to infrastructure projects while being prohibited from engaging in other types of banking activities. Under this legislation, project eligibility is broad as no federal taxpayer dollars are at stake and can help finance surface transportation and aviation projects, marine ports and terminals, energy grid facilities, spaceports, broadband connectivity, and any other infrastructure project that benefits the American people and revitalizes Main Street USA. While these projects may be privately funded, they remain public assets that serve the American people.
“As we near the sunset of the Bipartisan Infrastructure Law, and with farther to go close the decades-long shortfall in infrastructure investments, we need to continue working across the aisle to create policies that can help fix our roads and bridges, upgrade our waterways and wastewater systems, expand telecommunications capabilities, and support our community’s needs,” said Congressman Carbajal. “I'm proud to partner with my colleague Congressman Webster to recognize the continuing need with a bill that would unlock billions of dollars a year in private funding to support our nation’s most pressing infrastructure projects.”
“This bank serves as a complement, not a replacement, for existing programs and encourages states, municipalities and other entities to pursue all available funding sources,” Webster added. “While Federal infrastructure investment is critical, the current level of resources from the federal government will not address America’s growing infrastructure needs on its own. This Bank will bridge that gap by leveraging private capital to fund infrastructure projects – securing America’s place as a leader in transportation and infrastructure for generations to come.”
The Bank encourages private investment for initial capitalization through tax incentives for those investments during the first three years of operation. This approach differs from prior Infrastructure Bank proposals as it will be entirely capitalized by private investment. Infrastructure banks have successfully complemented existing funding programs across the world, including US state infrastructure banks. If enacted, the bank will support industries and projects critical to the structure, growth, and resurgence of the US economy.
Read the full bill text here.
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