1. Short title This Act may be cited as the National Infrastructure Investment Corporation Act of 2023 . 2. Findings Congress finds the following: (1) According to the American Society of Civil Engineers 2017 Infrastructure Report, the current condition of the infrastructure in the United States earns a grade of D+ and an estimated $4,500,000,000,000 is needed by 2025 to make conditions adequate. (2) Current and foreseeable demands on traditional funding for infrastructure expansion exceed the resources to support much-needed infrastructure programs. (3) As of April 19, 2019, the top 50 strategic infrastructure projects, including transportation, water and wastewater, ports and waterways, and telecommunications, totaled $289,370,000,000 in unmet needs. (4) Infrastructure needs are not limited to traditional roads and bridges but include a wide sector of basic, physical, and organizational structures and facilities that are needed for the effective and productive operation of society. (5) Investment in infrastructure not only creates jobs and economic growth and is a key component of maintaining a global competitive edge but is also fundamental to enhancing and preserving quality of life. (6) The establishment of a Government corporation that provides loans supported by pension funds to finance qualified infrastructure projects would attract needed supplemental capital for infrastructure development. 3. Establishment There is established a corporation to be known as the National Infrastructure Investment Corporation (in this Act referred to as the Corporation ), which shall be a Government corporation as defined in section 103 of title 5, United States Code, whose purpose shall be to finance infrastructure projects that are beyond the financing capabilities of States and cities, including— (1) prioritizing projects in a fair and efficient manner