S 4921
117th Congress
Senate
Taxation
Financing Lead Out of Water Act of 2022
Introduced: September 22, 2022
Introduced by:
Bennet, Michael F.
Democratic
· Colorado
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 22, 2022
Read twice and referred to the Committee on Finance.
Sep 22, 2022
Introduced in Senate
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1