1. Short title This Act may be cited as the Infrastructure Bank for America Act of 2017 . 2. Establishment of the Infrastructure Bank for America (a) In general The formation agent shall, in accordance with such rules and regulations as the Secretary of the Treasury may prescribe, make and file with the Secretary at the earliest practicable date after the date of the enactment of this Act, an organization certificate which shall contain such information as the Secretary may require. Upon the making and filing of such organization certificate with the Secretary, such formation agent shall become a body corporate to be known as the Infrastructure Bank Holding Company (hereinafter referred to as the Holding Company ), which shall be the parent company of the Infrastructure Bank for America (hereinafter referred to as the Bank ), which is hereby established and which shall— (1) serve as a lender for infrastructure projects, both directly and indirectly through State and local governments and State infrastructure banks, as provided under this Act; (2) maintain its principal office in New York City or the District of Columbia or the metropolitan area thereof; (3) be deemed, for purposes of jurisdiction and venue in civil actions to be a Delaware corporation; and (4) have all powers, not inconsistent with the provisions of this Act, as are customary and usual in corporations generally. (b) Regional offices The Bank shall establish regional offices, for the purpose of focusing on projects in different areas of the United States. (c) Board of directors The Bank shall have a board of directors, which shall— (1) initially consist of 7 members, or such other number as the Bank determines appropriate; (2) be elected by the Bank’s shareholders; (3) within the limitations of law and regulation, determine the general policies which shall govern the operations of the Bank, and have power to adopt, amend, and repeal bylaws governing the performance of the powers and duties granted to or imposed upon the Bank by law