South Lake Today

Florida Congressman Daniel Webster and California Congressman Salud Carbajal have introduced the bipartisan Federal Infrastructure Bank Act of 2025. This legislation aims to bolster private funding for infrastructure projects across the United States. The proposed bank will provide loans and loan guarantees specifically targeted at infrastructure initiatives while being prohibited from engaging in other banking activities.

“America’s infrastructure is long overdue for critical repairs and needed advancements,” stated Rep. Webster. He emphasized that the nation's infrastructure, ranging from roads and bridges to spaceports and energy grids, must be modernized to meet current demands. The bank will collaborate with state and local partners to ensure access to necessary capital without imposing a financial burden on taxpayers.

The legislation's project eligibility is broad, as it does not involve federal taxpayer dollars. It aims to finance surface transportation, aviation projects, marine ports, terminals, energy grid facilities, spaceports, broadband connectivity, and other projects benefiting Americans.

Congressman Carbajal highlighted the need for continued bipartisan efforts: “As we near the sunset of the Bipartisan Infrastructure Law... we need to continue working across the aisle... I'm proud to partner with my colleague Congressman Webster...” He noted that this bill could unlock billions annually in private funding for essential national infrastructure projects.

Rep. Webster added that the bank complements existing programs and encourages pursuing all available funding sources. He pointed out that while federal investment is crucial, it alone cannot meet America's growing infrastructure needs; thus, leveraging private capital through this bank can bridge that gap.

The bank will incentivize initial capitalization through tax incentives during its first three years of operation. Unlike previous proposals, it will be entirely funded by private investments. If enacted, it will support industries vital to U.S. economic growth and resurgence.