HR 6985
117th Congress
House
Taxation
Financing Lead Out of Water Act of 2022
Introduced: March 8, 2022
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 8, 2022
Referred to the House Committee on Ways and Means.
Mar 8, 2022
Introduced in House
Plain-English summary
Financing Lead Out of Water Act of 2022
This bill allows the issuance of tax-exempt private activity bonds to finance the replacement of any privately-owned portion of a lead service line in a public water system. Specifically, the bill provides that the use of proceeds from such bonds for replacement of a lead service line does not constitute private business use.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1