HR 2979 United States House · 117th Congress

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.

Bill status in committee 1 of 4 stages cleared

Introduction

May 2021

Committee Review

Floor Vote

President

Introduced May 4, 2021 Last action May 5, 2021

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

May 5, 2021

Committee

Referred to the Subcommittee on Environment and Climate Change.

lower

May 5, 2021

Committee

Referred to the Subcommittee on Water Resources and Environment.

lower

May 4, 2021

Committee

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.

lower

May 4, 2021

Introduced

Introduced in House

lower

1 primary · 3 co-sponsors