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S 4206 116th Congress Senate Water Resources Development Floods and storm protection Government lending and loan guarantees Interest, dividends, interest rates Water quality Water resources funding Water use and supply

A bill to amend the Water Infrastructure Finance and Innovation Act of 2014 to authorize the interest rate to be used on a secured loan to be the interest rate for United States Treasury securities of a similar maturity on the date of first disbursement of the loan, and for other purposes.

Introduced: July 2, 2020 Introduced by: Merkley, Jeff Democratic · Oregon See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 2, 2020
Read twice and referred to the Committee on Environment and Public Works.
Jul 2, 2020
Introduced in Senate
 Plain-English summary Congressional Research Service

This bill modifies statutory requirements related to the minimum interest rate for a secured loan provided under a federal program to help finance water infrastructure projects (i.e., the program established under the Water Infrastructure Finance and Innovation Act of 2014).

Specifically, the interest rate for such a loan shall not be less than the yield of U.S. Treasury securities of similar maturity to the loan, either on the date the loan agreement was executed or the date of the loan's first disbursement, whichever is lower. Currently, the statute only takes into consideration the yield of comparable U.S. Treasury securities on the execution date of the loan agreement.

What's happening now July 2, 2020

Read twice and referred to the Committee on Environment and Public Works.

 Committees of jurisdiction 1