To amend the Water Infrastructure Finance and Innovation Act of 2014 with respect to the final maturity date of certain loans, and for other purposes.

Summary

This bill allows certain federal water infrastructure loans to have maturity dates of up to 55 years. For a secured loan for a water infrastructure project with a useful life of more than 35 years, the final maturity date of the loan shall be no later than the earlier of (1) 55 years after the project's substantial completion, or (2) the useful life of the project. Currently, the latest possible maturity date for this type of loan is 35 years from the project's substantial completion.

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Timeline

1. 4 May 2021

   Introduced

   Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 4 May 2021

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 May 2021

   Introduced

   Introduced in House

   Source: IntroReferral

4. 5 May 2021

   Referred

   Referred to the Subcommittee on Water Resources and Environment.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 4 May 2021 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 May 2021

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 May 2021

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 4 May 2021

  Open at official source

Sponsors

• Rep. Garamendi, John [D-CA-8] · D · Sponsor
• Dan Newhouse · R · Sponsor
• Rep. Costa, Jim [D-CA-21] · D · Cosponsor
• Doug LaMalfa · R · Cosponsor
• · hsif00 · Standing
• · hspw00 · Standing

Related records

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