H.R. 2979 · 117th Congress · House

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.

Active· Referred to the Subcommittee on Environment and Climate Change.
Introduced
May 4, 21
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

6
  1. MAY 05, 2021•Committee

    Referred to the Subcommittee on Water Resources and Environment.

  2. MAY 05, 2021•Committee

    Referred to the Subcommittee on Environment and Climate Change.

  3. MAY 04, 2021•IntroReferral

    Introduced in House

  4. MAY 04, 2021•IntroReferral

    Introduced in House

  5. MAY 04, 2021•IntroReferral

    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.

  6. MAY 04, 2021•IntroReferral

    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.

Committees

4

Environment Subcommittee

hsif18

Referred: May 5, 2021

Active

Water Resources and Environment Subcommittee

hspw02

Referred: May 5, 2021

Active

Energy and Commerce Committee

hsif00

Referred: May 4, 2021

Active

Transportation and Infrastructure Committee

hspw00

Referred: May 4, 2021

Active