1. Short title This Act may be cited as the Infrastructure Bank for America Act of 2020 . 2. Establishment of the Infrastructure Bank Holding Company (a) In general There is established a corporation to be known as the Infrastructure Bank Holding Company (in this Act referred to as the Holding Company ), which shall be the parent company of the Infrastructure Bank for America established under section 3. (b) Board of directors The Holding Company shall have a Board of Directors, which shall— (1) initially consist of 7 members, or such other number as the formation agent determines appropriate; (2) be elected by the shareholders of the Holding Company; (3) within the limitations of law and regulation, determine the general policies that govern the operations of the Holding Company, and have the power to adopt, amend, and repeal bylaws governing the performance of the powers and duties granted to or imposed upon the Holding Company by law