1. Short title This Act may be cited as the National Infrastructure Bank Act of 2020 . 2. Findings Congress finds the following: (1) Throughout our Nation’s history, national banks have played a crucial role in financing our Nation’s public infrastructure, which in turn contributed to the United States becoming the world’s leading producing nation. (2) Canals, the Transcontinental Railroad, the Hoover Dam, rural electrification, and the national system of roads and bridges are all examples of investments in infrastructure that created the conditions for improved productivity, job creation, and economic growth. (3) Four previous national banks financed such infrastructure, each according to a development plan: The First (1791–1811) and Second (1816–1836) Banks of the United States, President Lincoln’s national banking system, and President Franklin Roosevelt’s Reconstruction Finance Corporation (1932–1957). (4) However, according to the American Society of Civil Engineers (ASCE) in a 2017 report, the current condition of the infrastructure in the United States earns a grade point average of D+, and an estimated $4,590,000,000,000 investment is needed by 2025 to bring the following systems to a state of good repair (amounts in parentheses): (A) Roads, bridges, and transit ($2,042,000,000,000). (B) Electricity grids ($934,000,000,000). (C) Schools ($870,000,000,000). (D) Dams, levees, waterways, and ports ($162,000,000,000). (E) Airports ($157,000,000,000). (F) Rail ($154,000,000,000). (G) Drinking water and wastewater systems ($150,000,000,000). (H) Public parks and recreation ($114,000,000,000). (I) Hazardous and solid waste ($7,000,000,000). (5) In addition, expanded investment is needed in new manufacturing centers, affordable housing, broadband access, science and technology drivers, to accommodate population growth and migration, and for other improvements in rural, urban, and low-income areas that the private sector is not currently serving. (6) Although Federal grant programs, along with matching State and