HR 8217
116th Congress
House
Water Resources Development
Government lending and loan guarantees
State and local finance
Water resources funding
WIFIA Improvement Act of 2020
Introduced: September 11, 2020
Introduced by:
Garamendi, John
Democratic
· California
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 14, 2020
Referred to the Subcommittee on Water Resources and Environment.
Sep 11, 2020
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.
Sep 11, 2020
Introduced in House
Plain-English summary
WIFIA Improvement Act of 2020
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 of for this type of loan is 35 years from the project's substantial completion.
What's happening now
Referred to the Subcommittee on Water Resources and Environment.
Committees of jurisdiction
3