; and (ii) establish the risk management policies used by the Board. (C) Standards The Board shall, to the extent practicable, follow all standards with respect to corporate governance that are required to be followed by the board of directors of an issuer listed on the New York Stock Exchange as of the date of the enactment of this section. (8) Biennial reports Not less frequently than once every 2 years, the Board shall produce a report that describes, of the materials, goods, and products that were used to construct, or to support the construction of, qualified infrastructure projects (as described in subsection (c)) and received financing from the American Infrastructure Fund within the most recent 2 calendar years, the percentage of such materials, goods, and products that were created, sourced, or manufactured in the United States. (c) Infrastructure investment (1) Entities eligible for assistance The AIF may provide assistance to State and local government entities, nonprofit infrastructure providers, private parties, and public-private partnerships (referred to in this section as eligible entities ) to help finance qualified infrastructure projects (referred to in this subsection as QIPs ). (2) Forms of assistance The AIF may— (A) provide bond guarantees to debt issued by eligible entities; (B) make loans, including subordinated loans, to eligible entities; and (C) make equity investments in QIPs. (3) Qualified infrastructure projects A project qualifies as a QIP under this section if— (A) the project is sponsored by a State or local government; (B) the infrastructure is, or will be, owned by a State or local government; (C) the project involves the construction, maintenance, improvement, or repair of a transportation, energy, water, communications, or educational facility